The Law Firm of Weiss & Lurie Investigates the Acquisition of Todd Shipyards Corporation by Vigor Industrial LLC
04 Janvier 2011 - 12:22AM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by members of the Board of Directors of Todd
Shipyards Corporation (NYSE: TOD) arising from the acquisition of
Todd by Vigor Industrial LLC.
Under the terms of the transaction, Vigor will offer to purchase
all outstanding shares of Todd for $22.27.
Weiss & Lurie is investigating whether Todd’s Board acted in
the best interests of shareholders in approving the proposed
transaction and whether the Board properly sought to maximize
shareholder value. Todd’s directors and officers and other
shareholders, owners of approximately 15.3% of Todd’s outstanding
shares, have agreed with Vigor to tender their shares and to vote
their shares in favor of the merger.
If you own in Todd shares and would like more information about
your rights as a shareholder or additional information concerning
our investigation, please contact Julia J. Sun either by email at
infony@weisslurie.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at infony@weisslurie.com or fill out the form on
our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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