Mergers and Acquisition Litigation
Girard Gibbs has extensive experience handling cases to protect shareholder rights when there is a merger or acquisition that arises from an unfair process or results in an inadequate price. In mergers or acquisitions, stockholders also have a right to full and complete disclosures about the transaction, which is critical in order to cast a fully informed vote.
Board members owe stockholders duties of loyalty and due care, and in connection with a sale of the company, they have an obligation to maximize stockholder value. They likewise are required to refrain from benefitting themselves at the expense of common stockholders.
When board members fail to safeguard stockholders’ best interest through as merger or acquisition that does not seek to maximize value, or when they withhold material information about the proposed deal, stockholders have legal rights and remedies.
- KBC Asset Management NV v. Safeway, Inc., et al.
Girard Gibbs LLP has been appointed to the Plaintiffs Executive Committee in a pending class action lawsuit on behalf of investors in Safeway, Inc. On April 8, 2014, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery entered an order consolidating several related cases and approving Plaintiffs’ proposed leadership structure. Read More »