Faruqi & Faruqi, LLP Announces Shareholder Investigation Related Acquisition of American Commercial Lines Inc. - ACLI

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of American Commercial Lines Inc. (“American Commercial” or the “Company”) (NASDAQ: ACLI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to an affiliate of Platinum Equity. The proposed transaction offers American Commercial shareholders to only receive $33.00 per share in cash. According Yahoo! Finance, at least one financial analyst values American Commercial’s common stock at $50.00 per share. The transaction is valued at approximately $777 million and is expected to close before December 31, 2010.

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Whether the American Commercial’s Board of Directors breached their fiduciary duties to American Commercial’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues American Commercial’s shares and by how much this proposed transaction undervalues the Company to the detriment of American Commercial 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, through 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 American Commercial and wish to obtain additional information, please visit us at www.faruqilaw.com/ACLI or contact Juan E. Monteverde, Esq. either via e-mail at [e-mail] or by telephone at [phone] or [phone].

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