Tag Archives: breach of fiduciary duty

Zoll Medical Corporation Breach of Fiduciary Duty Investigation Concerning Acquisition by Asahi Kasei Corporation

Investigation into Breach of Fiduciary Duty Claims concerning the Acquisition of Zoll Medical Corporation by Asahi Kasei Corporation announced by Leading National Securities Law Firm Gilman Law LLP.

Investigation into Zoll Medical Acquisition by Asahi Kasei

Investigation into Zoll Medical Acquisition by Asahi Kasei

The National Securities Law Firm Gilman Law LLP has launched a breach of fiduciary duty investigation into possible breach of fiduciary duty claims concerning current shareholders of Zoll Medical Corporation (“Zoll”) (NASDAQ: ZOLL) and other violations of state law by the board of directors of Zoll relating to the proposed acquisition of Zoll by Asahi Kasei Corporation (“Asahi”). Gilman Law’s breach of fiduciary duty investigation seeks to determine whether the board breached its fiduciary duties by failing to maximize shareholder value in negotiating the agreement to sell the company to Asahi.

On March 12, 2012, Zoll and Asahi announced that they had entered into a definitive agreement providing for Asahi to acquire Zoll for approximately $2.1 billion. Under the terms of the Zoll acquisition merger agreement, Zoll shareholders will receive $93.00 for each share of Zoll common stock held. However, according to news media, at least one analyst has set a high price target of $100.00 per share. The transaction is expected to close in the second calendar quarter of 2012.

If you currently own shares of Zoll and would like to learn more about the breach of fiduciary duty investigation by the National Securities Law Firm Gilman Law LLP, you may contact our office for a free consultation by calling (239) 221-8301 or by filling out our free consultation form online.

About The Leading National Securities Law Firm Gilman Law LLP

The leading national securities law attorneys at Gilman Law have over 35 years of experience litigating securities and other class action cases. Our firm has been involved in all major aspects of securities litigation, including cases involving stock manipulation, securities fraud, investment fraud, and shareholder rights violations, as well as securities class action suits on behalf of both individual and institutional investors.

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Pacific Capital Bancorp Breach of Fiduciary Duty Investigation Concerning Acquisition By UnionBanCal Corp.

Investigation into Breach of Fidicuary Duty Claims concerning the Acquisition Pacific Capital Bancorp by UnionBanCal Corp. announced by National Securities Law Firm Gilman Law LLP

The National Securities Law Firm Gilman Law LLP is investigating potential breach of fiduciary duty claims by current shareholders of Pacific Capital Bancorp (“Pacific Capital”) (NASDAQ: PCBC) against the board of directors of Pacific Capital in connection with the proposed acquisition of the Company to UnionBanCal Corp.  UnionBanCal, part of Japan’s Mitsubishi UFJ Financial Group, Inc., is buying Pacific Capital, a bank holding company, in order to expand its presence in California.  The acquisition is expected to close in the fourth quarter, pending approval of bank regulators. 

On March 9, 2012, Pacific Capital and UnionBanCal entered into a definitive agreement for Pacific Capital to be acquired by UnionBanCal in an all cash transaction with a total equity value of approximately $1.5 billion.  According to the terms of the deal, Pacific shareholders will receive $46.00 for each share of common stock.  Gilman Law is investigating whether $46.00 per share is adequate compensation under the terms of the agreement, whether UnionBanCal is underpaying for Pacific Capital stock, and whether Pacific Capital’s board failed to obtain the highest share price for all shareholders during negotiations.

If you are a current shareholder of Pacific Capital and would like to learn more about the breach of fiduciary duty investigation by the National Securities Law Firm Gilman Law LLP, you may contact our office for a free consultation by calling (239) 221-8301 by completing our free consultation form. 

About the National Securities Law Firm Gilman Law LLP

The leading national securities law attorneys at Gilman Law have over 35 years of experience litigating securities and other class action cases. Our firm has been involved in all major aspects of securities litigation, including cases involving stock manipulation, securities fraud, investment fraud, and shareholder rights violations, as well as securities class action suits on behalf of both individual and institutional investors.

 

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JPMORGAN CHASE (JPM) BREACH OF FIDUCIARY DUTY

JPMorgan Chase Loses $2 Billion

JPMorgan Chase Breach of Fiduciary Duty

JPMorgan Chase Breach of Fiduciary Duty

On May 10, 2012, JPMorgan Chase (JPM) disclosed a loss of approximately $2 billion related to the bank’s “synthetic credit portfolio.” This synthetic credit portfolio was a JPM managed portfolio that allegedly invested in the same type of complex derivatives that played a destructive role in the financial crisis. The CEO of JPMorgan Chase (JMP) has cautioned that this loss could “easily get worse,” but is not enough to topple the bank at this point.

The Company also acknowledged that its Corporate unit could post an $800 million loss in the second quarter. In reaction to this news, JPMorgan stock plunged over 6% in after hours trading.

Legal Help for JPM Investors

The Investment Losses and Shareholder Rights Law Firm of Gilman Law LLP has launched an investigation into alleged Breach of Fiduciary Duty claims by the Officers and Directors of JPMorgan Chase (JPM) concerning the massive trading losses announced by JPMorgan Chase’s CEO. Current shareholders of JPM common stock are encouraged to contact our securities attorneys to discuss your potential rights to recovery for this $2 billion loss in JPM common stock for free with no cost or obligation. JPM Investors may contact our experienced securities lawyers by calling (888) 252-0048 TOLL FREE or by completing our Free Consultation Form Online.

About Our Experienced Securities Attorneys

Our experienced securities attorneys have over 35 years of experience in securities law and have been involved in all major aspects of securities litigation. Our securities lawyers focus on cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration. For a free evaluation of your case or to obtain additional information, please contact our securities fraud attorneys for a free consultation by calling (888) 252-0048 Toll Free.

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O’Charley’s Lawsuit Investigation Over Acquisition By Fidelity National Financial

O’Charley’s Lawsuit Investigation | Breaches of Fiduciary Duties | Self Dealing | Violations in Acquisition | Fidelity National Financial Acquisition

Gilman Law LLP, a national securities law firm, announces a class action lawsuit investigation on behalf of O’Charley’s common stock shareholders. The O’Charley’s investigation concerns possible breaches of fiduciary duty and other violations of the law by directors and/or officers of O’Charley’s, Inc., related to the sale of the company to Fidelity National Financial, Inc.

If you own shares of stock in O’Charley’s, Inc. and would like more information concerning your rights and potential remedies, please contact Gilman Law LLP at (239) 221-8301 or submit the free consultation form to speak with a securities attorney at Gilman Law LLP. O’Charley’s common stock shareholders may be able to file a class action lawsuit to preserve their right to vote on the details of the transaction.

O’Charley’s Acquisution Details

The investigation concerns the terms of the O’Charley’s acquisition with Fidelity. Specifically, the terms of the deal indicate that shareholders will receive $9.85 in cash for each share of O’Charley’s common stock. Fidelity National Financial currently owns over 2 million, or approximately 9.5%, of all outstanding shares of O’Charley’s common stock. Further, Fidelity announced that it plans to commence a tender offer for the remaining shares on or about February 24, 2012.

Gilman Law LLP is focused on whether the directors and officers of O’Charley’s are undertaking a fair process to obtain maximum value and adequately compensate the common stock shareholders. Analysts polled by Bloomberg had only expected O’Charley’s revenue of $181 million for quarterly revenue, when the company actually reported revenue of $182.16 million.

The terms of the deal also provide that O’Charley’s officers and directors will remain employed by the surviving corporation. Gilman Law LLP is investigating whether the directors and officers engaged in any type of self-dealing or other employment guarantees when making the decisions to enter into the deal.

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Helping Victims of Investment Fraud for Over 32 Years

The securities attorneys at Gilman Law have over 35 years of experience litigating securities cases as well as other types of class action cases, and have been involved in all major aspects of securities litigation. Our securities lawyers focus their practice on cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration. For a free evaluation of your case, please contact our national securities lawyers TOLL FREE at (239) 221-8301.

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Illumina Class Action Lawsuit Alleging Conflict of Interest in Proposed Acquisition by Roche

Illumina Class Action Lawsuit Announced by Gilman Law LLP on Behalf of Shareholders Alleging Conflict of Interest in Recent Proposed Acquisition by Roche

Illumina Class Action Lawsuit was filed by shareholders in Illumina, Inc.(NASDAQ:ILMN) alleging conflicts of interest in the recent proposed acquisition by Roche. The plaintiffs allege that the defendants breached their fiduciary duties by, among other things, by refusing to engage in negotiations and/or substantive dialogue with Roche which resulted in the defendants failing to get the best price for Illumina shareholders.

Those investors who purchased or otherwise acquired Illumina, Inc. shares and currently hold those shares should complete the free consultation. Investors may contact Gilman Law LLP by phone at (239) 221-8301, by email at kgilman@gilmanpastor.com, or by completing the free consultation form below.

Illumina Class Action Lawsuit Details

During December 2011, Roche communicated to top executives at Illumina, that Roche had an interest in acquiring Illumina. Plaintiffs claim that shortly thereafter Roche formally offered to acquire all of the shares of Illumina’s common stock. Instead of considering this offer or negotiating a higher bid, Defendants, at the advice of Goldman Sachs, flatly rejected the offer. Goldman Sachs benefited financial from its recommendation that Illumina reject the Roche offer.

On January 24, 2012, Roche publicly announced that it wanted to acquire all outstanding shares of Illumina, Inc. for $44.50 per share. Following the announcement Illumina shares surged on January 25, 2012 above the current offer and closed as high as $55.15.

Again, instead of negotiating a higher price Illumina announced on January 26, 2012 that its Board of Directors adopted a “Rights Agreement,” a/k/a poison pill, which allows directors to deflect offers for a company. Plaintiffs claim that defendants failed to act in the best interest of shareholders and failed to maximize the value shareholders would receive by depriving the Illumina, Inc. public stockholders of the opportunity to fully realize the benefits of their investment.

About Gilman Law LLP

The securities law attorneys of Gilman Law have more than 35 years of experience in securities law and have been involved in all major aspects of securities litigation. Gilman Law handles cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration.

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Taleo Shareholder Lawsuit Alleging Breaches of Fiduciary Duties in Oracle Acquisition

Taleo Class Action Lawsuit Filed on Behalf of Investors in Taleo Corporation Alleging Breaches of Fiduciary Duty by the Taleo Board in Connection with Acquisition of Taleo by Oracle Corporation

Taleo Class Action Lawsuit was filed by Investors in Taleo Corporation (NASDAQ:TLEO) alleging breaches of fiduciary and violations of other state law against the Taleo Board in connection with the sale of the company to Oracle Corporation. Specifically, the complaint concerns whether the Taleo Board of Directors breached their fiduciary duties to Taleo stockholders by failing to adequately shop the Company before entering into this transaction and whether Oracle Corporation is underpaying for Taleo shares, thus unlawfully harming Taleo stockholders. Furthermore, at least one analyst set a price target 13% higher than the price offered per Taleo share.

Those investors who purchased or otherwise acquired Taleo Corporation shares and currently hold those shares should complete the free consultation. Investors may contact Gilman Law LLP by phone at (239) 221-8301, by email at kgilman@gilmanpastor.com, or by completing the free consultation form below.

About Gilman Law LLP

The securities law attorneys of Gilman Law have more than 35 years of experience in securities law and have been involved in all major aspects of securities litigation. Gilman Law handles cases involving stock manipulation, securities fraud, investments fraud, shareholder rights violations, and securities arbitration.

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AboveNet Acquisition Breach of Fiduciary Duty Investigation (NYSE: ABVT)

Gilman Law LLP announces an investigation into a possible breach of fiduciary duty by the AboveNet, Inc. board of directors concerning the acquisition by Zayo Group, LLC.  Current shareholders of AboveNet, Inc. are encouraged to contact our office for a free consultation at (888) 252-0048.

The National Securities Law Firm Gilman Law LLP is investigating potential breach of fiduciary duty claims concerning current shareholders of AboveNet, Inc. (“AboveNet”) (NYSE: ABVT) and other violations of state law by the board of directors of AboveNet in connection with the proposed acquisition of AboveNet by the privately-held Zayo Group, LLC. This breach of fiduciary duty investigation seeks to determine whether the board breached its fiduciary duties by failing to maximize shareholder value in negotiating the proposed going-private transaction. The definitive acquisition agreement involves an all cash transaction with a total equity value of approximately $2.2 billion. 

Under the terms of the agreement, AboveNet shareholders will receive $84.00 in cash for each share they own.  Shareholder’s investigation is focused on whether AboveNet shareholders are receiving adequate compensation for their shares in the buyout and if the AboveNet board of directors attempted to obtain the highest possible price during negotiations with Zayo. 

If you are a current shareholder of AboveNet and would like to learn more about the breach of fiduciary duty investigation by the National Securities Law Firm Gilman Law LLP, you may contact our office for a free consultation by calling (239) 221-8301 or by completing the online FREE consulation form.

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Awards & Recognition

The Securities and Investment Fraud Attorneys at Gilman Law LLP have been recognized by numerous leading legal publications:

Investment Losses Law Firm