The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of RC2 Corp. in Connection w...
March 23 2011 - 11:24AM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of RC2 Corporation (Nasdaq: RCRC) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to Tomy Company, Ltd. (Tokyo Stock
Exchange, First Section: 7867). Under the terms of the deal, RC2
shareholders will receive $27.90 in cash per share. The transaction
has a total value of approximately $640 million.
The investigation concerns whether the RC2 Board of Directors
breached their fiduciary duties to RC2 stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Tomy is underpaying for RC2 shares, thus unlawfully
harming RC2 stockholders. At least one analyst set a price target
of $29.00 per share of RC2 stock.
If you own common stock in RC2 and wish to obtain additional
information, please contact Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/rc2-corp-rcrc.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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