Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of LSB Corporation - LSBX
26 Julio 2010 - 2:36PM
Business Wire
Faruqi & Faruqi, LLP, a leading New York securities firm, is
investigating the Board of Directors of LSB Corporation (“LSB” or
the “Company”) (NasdaqGM: LSBX) for potential breaches of fiduciary
duty in connection with their conduct related to the sale of the
Company to People’s United Financial, Inc. The proposed transaction
offers LSB shareholders to only receive $21.00 in cash for each
share they own.
Whether the LSB Board of Directors breached their fiduciary
duties to LSB 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
LSB shares and by how much this proposed transaction undervalues
the Company to the detriment of LSB 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 LSB and wish to obtain additional
information, please visit us at http://www.faruqilaw.com/merger.php
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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