Peak

Stock Symbol: 
SKIS
Case Status: 
Investigations

Ademi & O’Reilly, LLP is investigating Peak Resorts (Nasdaq: SKIS) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Peak Resorts to Vail Resorts.

Ademi & O’Reilly, LLP alleges Peak Resorts’ financial outlook is improving and yet shareholders will receive only $11.00 per share for each share of Peak Resorts common stock they own.  Vail Resorts is acquiring Peak Resorts at a substantial discount.  The merger agreement unreasonably limits competing bids for Peak Resorts by prohibiting solicitation of further bids, and imposing a termination penalty if Peak Resorts accepts a superior bid. Peak Resorts insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of Peak Resorts’ board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Peak Resorts.