Merger Lawsuits: Shareholders Rights in Buyouts and Takeovers
Merger Lawsuits: After deal announcements shareholders often wonder if their rights were fully and adequately represented during the deal making process. As can be expected large corporations often leave the rights of shareholders small and large on the sidelines. Under US law a shareholder of any position size (Small share owners as well as those with millions of shares) are entitled to file a lawsuit to ensure that the deal followed the proper process and that shareholders are receiving a high enough price.
After a buyout or takeover deal small shareholders often bring claims against officers and directors of a company for violation of fiduciary duties related to these large corporate transactions. The goals of this legal action are to increase the deal price, require public disclosure of important facts related to the transaction (which helps investors decide whether to approve the deal), improve the actual terms of the deal, and to ensure fairness to all shareholders.
Our law firm has brought many of these cases and works closely with shareholders who wish to part of the process.
February 2013 Recent Cases with Shareholders Represented by Kyros Law include:
Novellus Systems: 3.3 Billion Deal Lawsuit filed in California.
China ACM - Unfair Buyout Offer. Lawsuit Filed
Motorola Mobility (MMI) - Google Takeover of Motorola for 12 Billion. Lawsuit filed.
PAETEC Holding Corp.- Offer to buyout Paetec shareholders for $891 Million by Windstream. Lawsuit filed.
Medco Health Solutions- a 29 Billion dollar transaction involving a pharmacy services company that serves 65 million people, acquired by Express Scripts Inc. Lawsuit filed in Delaware.
Petrohawk Energy- a 12 Billion dollar buyout of an oil exploration company by a Large oil company. Lawsuit filed in Delaware.
Icagen- a $56 million dollar buyout of a bio-drug company by Pfizer. Lawsuit filed in Delaware.
Current/Recent Investigations for which we are seeking a shareholder to speak with:
Kinetic Concepts (KCI) Renaissance Learning Inc (RLRN) SFN Group Inc (SFN) Soko Fitness & Spa Group (SOKO) SatCon Technology Corp (SATC) Global Traffic Network (GNET) Allos Therapeutics (ALTH) PAETEC Holding Corp (PAET) Nalco Holdings (NLC) Emdeon (EM) S1 (SONE) China Advanced Construction Materials Group Inc. (ACM)
If you are a shareholder of any company in a merger please call Attorney Bill Kyros at 1-800-934-2921 to discuss your rights.
Kyros Law is a Boston-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For info about our law firm please our Kyros Law web site.
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