NEW YORK–(BUSINESS WIRE)– Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of WCA Waste Corporation (“WCA” or the “Company”) (NASDAQ: WCAA – News) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Macquarie Infrastructure Partners II in an all-cash deal valued at about $ 526 million. Under the terms of the proposed transaction, WCA stockholders will receive $ 6.50 in cash for each share of WCA common stock they own.
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Whether WCA’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues WCA’s shares and by how much this proposed transaction undervalues the Company to the detriment of WCA’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in WCA and wish to obtain additional information, please visit us at www.faruqilaw.com/WCAA or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
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