When a corporation is the target of a proposed acquisition, merger, leveraged buyout, privatization, or similar transaction that is substantively or procedurally unfair, its shareholders may be able to bring a class action lawsuit to rectify the unfair part of the transaction and ensure that it is indeed in the shareholders’ best interests. Transaction class actions typically seek to protect shareholders’ rights to receive full and fair disclosure of material information before voting on the proposed transaction, remove impediments to fair sale process, and improve the value of the consideration offered in the deal.
In a class action, a representative shareholder plaintiff represents similarly situated shareholders. The plaintiff must act in the best interests of the class. Plaintiff must also remain informed about significant developments in the case and works with the attorneys to make important strategic decisions regarding the conduct and disposition of the litigation.
No. Representative plaintiffs in actions brought by Robbins Arroyo LLP are not responsible for paying attorneys’ fees or expenses. All costs and expenses of the litigation are advanced by Robbins Arroyo LLP. We only recover our fees and costs if we are successful in obtaining a substantial benefit for the corporation.
Call Leonid Kandinov, Esq. at (800) 350-6003 or email firstname.lastname@example.org and our support staff will gather pertinent information and put you in touch with one of our attorneys to review your case.