IPSU Imperial Sugar Company (MM)

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Imperial Sugar Company (“Imperial Sugar” or “the Company”) (NASDAQ GS: IPSU) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired through a cash tender offer and second step merger by a subsidiary of Louis Dreyfus Commodities LLC in a transaction valued at $6.35 per share in cash, or a total of approximately $78 million. The deal is expected to close in the second calendar quarter of 2012.

Click here to learn more: http://www.rigrodskylong.com/investigations/imperial-sugar-company-ipsu.

The proposed transaction has been unanimously approved by Imperial Sugar’s board of directors, who have agreed to recommend that the Company’s common shareholders tender their shares in the offer. The investigation concerns whether Imperial Sugar’s board of directors failed to adequately shop the Company and to get the best price possible for Imperial Sugar’s shareholders before entering into the agreement with Louis Dreyfus Commodities LLC.

If you own the common stock of Imperial Sugar and purchased your shares before May 1, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Scott J. Farrell, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at http://www.rigrodskylong.com/investigations/imperial-sugar-company-ipsu.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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