Goldfarb Branham Law Firm LLP Investigating Shareholder Claims Against Allis-Chalmers Energy

Goldfarb Branham LLP is investigating shareholder claims against the board of Allis-Chalmers Energy, Inc. (NYSE: ALY) in connection with the proposed buyout by SeaDrill Ltd. The buyout will cash out investors for $4.25 per share or 1.15 Seawell common shares. If you are an Allis shareholder, you are encouraged to contact the firm at 877-583-2855 or hlindley@goldfarbbranham.com to learn about your rights and remedies.

“Seawell common shares are traded on the Norwegian Stock Exchange and are subject to proration if more than 35% of the shares elect to receive cash,” said securities lawyer Hamilton Lindley. “Because Allis stock had a $4.20 closing price as recently as April 29, 2010 and least one analyst has set a price target of $7 per share, this deal could be potentially unfair to shareholders. Our proposed class action lawsuit seeks better value for the company as well as more information about this transaction disclosed to Allis-Chalmers shareholders.”

Goldfarb Branham LLP lawyers have significant experience representing shareholders in unfair buyouts nationwide. The national securities firm provides nimble, creative and effective counsel at all stages of litigation. If you have information or concerns about this transaction, contact attorney Hamilton Lindley at the contact numbers listed below.