Robbins Umeda LLP Announces an Investigation of the Acquisition of SouthWest Water Company by an Institutional Investor Group...
March 03 2010 - 3:38PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of SouthWest Water Company ("Southwest Water")
(NASDAQ:SWWC) in connection with their decision to pursue the sale
of SouthWest Water to an institutional investor group, which is
being advised by J.P. Morgan Asset Management and Water Asset
Management L.L.C. If the transaction is approved, SouthWest Water
shareholders will receive $11.00 per share in cash for each share
of SouthWest Water.
Robbins Umeda LLP's investigation concerns whether SouthWest
Water's Board of Directors' acceptance and recommendation of the
institutional investor group's offer was the result of a fair
process designed to secure the best possible price for all
SouthWest Water's shareholders.
If you are a shareholder of SouthWest Water and would like more
information about your rights as a shareholder, please contact
attorney Lauren Levi at 800-350-6003 or by e-mail at
llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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