iGate Corporation Lawsuit Details – iGate Corporation Merger
Gilman Law LLP announced that a complaint was filed on behalf of shareholders of iGate Corporation (NASDAQ: IGTE) for possible breaches of fiduciary duty in connection with its merger with the French consulting firm Cap Gemini SA. Under the terms of the proposed merger, a termination fee of $161 million was agreed upon, making it almost impossible for the iGate’s investors to obtain a better offer for their shares. The complaint alleges that the extremely high termination fee deterred potential bidders from making a higher offer. If a better deal was found, the company and its shareholders would suffer a $161 million loss.
We are encouraging shareholders who invested in iGate Corporation and currently hold any of those shares to contact our office for a free consultation by submitting our free consultation form online or calling our office toll free at (888)-252-0048.
WHAT YOU CAN DO TO RECOVER YOUR LOSSES?
About the Shareholder Rights Law Firm of Gilman Law LLP
The attorneys at Gilman Law have over 35 years of experience in securities class action law suits and have been involved in all major aspects of securities litigation. Our experienced securities attorneys focus on cases involving stock manipulation, securities fraud, investment fraud, shareholder rights violations, and securities arbitration.