The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Todd Shipyards Corp. in C...
30 Diciembre 2010 - 6:16PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Todd Shipyards Corporation (NYSE: TOD) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Vigor Industrial LLC.
Under the terms of the transaction, Todd shareholders will receive
$22.27 in cash per share for a total transaction value of
approximately $130 million.
The investigation concerns whether the Todd Board of Directors
breached their fiduciary duties to Todd stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Vigor is underpaying for Todd shares.
If you own common stock in Todd and wish to obtain additional
information, please contact Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/todd-shipyards.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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