Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Todd Shipyards Corp.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Todd Shipyards Corp. (“Todd” or the “Company”) (NYSE: TOD) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Vigor Industrial LLC for an estimated $130 million. The proposed all-cash transaction offers Todd shareholders to only receive $22.27 in cash per share.

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Whether the Todd’s Board of Directors breached their fiduciary duties to Todd’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Todd’s shares and by how much this proposed transaction undervalues the Company to the detriment of Todd shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Todd and wish to obtain additional information, please visit us at www.faruqilaw.com/TOD or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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