Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Burger King Holdings, Inc.
September 02 2010 - 11:25AM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of Burger King Holdings, Inc. ("Burger King" or
the "Company") (NYSE: BKC) for possible breaches of fiduciary duty
and other violations of state law in connection with their attempt
to complete a sale of the Company to 3G Capital ("3G"). Under the
terms of the proposed transaction, Burger King shareholders are to
receive $24.00 in cash for each share of Burger King common stock
they own. However, as recently as May 2010, the stock traded above
$22.00 per share.
The investigation involves whether the Board of Directors of
Burger King breached their fiduciary duties to Burger King
stockholders by failing to adequately shop the Company before
agreeing to enter into the transaction and whether Burger King has
disclosed all material information to shareholders about the
proposed transaction.
If you have information regarding the above investigation or own
stock in Burger King and wish to obtain additional information,
please contact Jonathan M. Stein, Esq. either via email at
jstein@jonathansteinlaw.com or by telephone at (561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Law Office of Jonathan M. Stein, P.L. Jonathan M. Stein, Esq. (561)
961-2244 Fax: (561) 750-5964
www.jonathansteinlaw.com
120 E. Palmetto Park Rd., Suite 420 Boca Raton, FL 33432
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