NEW YORK, May 1, 2012 /PRNewswire/ -- Bernstein Liebhard
LLP is investigating whether the Board of Directors of Imperial
Sugar Company ("Imperial Sugar" or the "Company") (NASDAQ: IPSU)
breached its fiduciary duty to its shareholders in agreeing to sell
Imperial Sugar to Louis Dreyfus Commodities LLC.
(Logo: http://photos.prnewswire.com/prnh/20120202/MM47134LOGO
)
Under the terms of the agreement, Louis Dreyfus Commodities LLC
will acquire Imperial Sugar through a cash tender offer and second
step merger at $6.35 per share.
The investigation is focused on the potential unfairness of the
price to Imperial Sugar shareholders and the process by which the
Imperial Sugar Board of Directors considered and approved the
transaction.
If you are interested in discussing your rights as an Imperial
Sugar stockholder, with no obligation or cost to you, please
contact U. Seth Ottensoser at:
(877) 779-1414
or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered over $3 billion for its clients. It has been
named to The National Law Journal's "Plaintiffs' Hot List"
in each of the last nine years.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP. The
law firm responsible for this advertisement is Bernstein Liebhard
LLP, 10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for
this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
SOURCE Bernstein Liebhard LLP