The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Fiduciary Duty by the Board of Thomas & Betts Corporati...
February 09 2012 - 12:01PM
Marketwired
Levi & Korsinsky notifies shareholders of Thomas & Betts
Corporation ("Thomas & Betts" or the "Company") (NYSE: TNB) of
claims of breaches of fiduciary duty and other violations of state
law against the board of directors of the Company in connection
with the sale of the Company to ABB Ltd (NYSE: ABB). Under the
terms of the transaction, Thomas & Betts shareholders will
receive $72 per share of Thomas & Betts stock they own. The
transaction has a total approximate value of $3.9 billion. A
complaint was filed in Tennessee state court.
Click here to learn more about the investigation:
http://www.zlk.com/thomas-betts-tnb, or call: 877-363-5972.
The claims concern whether the Thomas & Betts Board of
Directors breached their fiduciary duties to Thomas & Betts
stockholders by failing to adequately shop the Company before
entering into this transaction and whether ABB is underpaying for
Thomas & Betts shares, thus unlawfully harming Thomas &
Betts stockholders.
If you own common stock in Thomas & Betts and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit http://www.zlk.com.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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