The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Todd Shipy...
29 Décembre 2010 - 5:41PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Todd Shipyards Corporation (“Todd” or the “Company”)
(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 (“Vigor”). Under the terms of the
transaction, Todd shareholders will receive $22.27 per share in
cash 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, thus unlawfully
harming Todd stockholders.
If you own common stock in Todd and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/toddshipyards.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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