Corporate Mergers & Acquisitions
Mergers and acquisitions are common among publicly traded companies. Unfortunately, misconduct associated with such transactions is also common. The duty to maximize value for shareholders too often gives way to the temptation of officers and directors to tilt the playing field toward their preferred suitor and extract large benefit packages for themselves.
Robbins Arroyo LLP has prosecuted several class actions on behalf of shareholders to vindicate their economic and voting rights in connection with a corporate acquisition, merger, or similar combination transaction. We have achieved significant results in such cases, including helping to secure a higher price per share for shareholders, leveling the playing field to enable additional suitors to formulate and submit competing proposals, and to correct misleading statements and omissions in the information provided to shareholders about the proposed transaction.