The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Fiduciary Duty by the Board of Thomas & Betts Corporation in Connection With the Sale of the Company to ABB Ltd
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 02/09/12 -- Levi & Korsinsky notifies shareholders of Thomas & Betts Corporation ("Thomas & Betts" or the "Company") (NYSE: TNB) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to ABB Ltd (NYSE: ABB). Under the terms of the transaction, Thomas & Betts shareholders will receive $72 per share of Thomas & Betts stock they own. The transaction has a total approximate value of $3.9 billion. A complaint was filed in Tennessee state court.
Click here to learn more about the investigation: , or call: 877-363-5972.
The claims concern whether the Thomas & Betts Board of Directors breached their fiduciary duties to Thomas & Betts stockholders by failing to adequately shop the Company before entering into this transaction and whether ABB is underpaying for Thomas & Betts shares, thus unlawfully harming Thomas & Betts stockholders.
If you own common stock in Thomas & Betts and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit .
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 09.02.2012 - 12:01 Uhr
Sprache: Deutsch
News-ID 1081467
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
NEW YORK, NY
Phone:
Kategorie:
Legal
Anmerkungen:
Diese Pressemitteilung wurde bisher 171 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Fiduciary Duty by the Board of Thomas & Betts Corporation in Connection With the Sale of the Company to ABB Ltd
"
steht unter der journalistisch-redaktionellen Verantwortung von
Levi & Korsinsky, LLP (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
