The Briscoe Law Firm, PLLC & Cash Powers Taylor, LLP Announce Shareholder Investigation into the Acquisition of American Ital...

The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Cash Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of American Italian Pasta Company (NASDAQ: AIPC) relating to the proposed merger of AIPC with Ralcorp Holdings, Inc., a Missouri corporation (“Ralcorp”) (NYSE: RAH) and Excelsior Acquisition Co. (“Excelsior”), a Delaware corporation and a wholly-owned subsidiary of Ralcorp.

The agreement, which was announced on Monday, June 21, 2010, involves a cash transaction valued at approximately $1.2 billion in which RAH will the purchase all of the outstanding shares of AIPC’s Class A Convertible Common Stock for $53.00 per share. Under the terms of the announced merger, upon completion AIPC will become a wholly-owned subsidiary of Ralcorp. The transaction is expected to close during Ralcorp’s fourth fiscal quarter ending in September 30, 2010. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of AIPC for approving this transaction, whether the consideration to be received by AIPC shareholders is fair, and whether AIPC’s Board of Directors acted in the shareholders’ best interests.

If you currently own shares of AIPC and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Cash Powers Taylor, LLP, toll free [phone], via e-mail at [e-mail], or The Briscoe Law Firm at [phone], or via email at [e-mail]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters and extensive experience managing governmental relations and strategic communications advocacy efforts in a variety of areas including telecommunications, energy, transportation, renewable energy incentives and municipal governments.

Cash Powers Taylor, LLP is a boutique litigation and corporate transactional law firm that handles a variety of complex commercial and business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, high-profile business disputes, and shareholder derivative suits and security class actions.