The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Warner Mus...
16 Mayo 2011 - 5:57PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Warner Music Group Corp. (NYSE: WMG) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Access Industries. Under
the terms of the proposed transaction, WMG shareholders will
receive $8.25 per share in cash for a total transaction value of
approximately $3.3 billion.
The investigation concerns whether the WMG Board of Directors
breached their fiduciary duties to WMG stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Access Industries is underpaying for WMG shares.
If you own common stock in WMG and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at
as@ashainberglaw.com or by telephone at (212) 425-7286, or visit
http://www.ashainberglaw.com/warner-music-group.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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