Protecting Shareholder Rights

We protect and enforce the rights of shareholders when management violates the law or acts in ways that can harm shareholders.  This is not only our job, it is our passion.  We offer this web service to shareholders to update you on pending shareholder lawsuits and investigations that may affect you.

Recent Investigations

  • On July 30, 2013, Cubist Pharmaceuticals, Inc. and Optimer Pharmaceuticals, Inc. announced that they have signed a merger agreement pursuant to which Cubist Pharmaceuticals, Inc will acquire all of the outstanding shares of Optimer Pharmaceuticals, Inc common stock for $10.75 per share in cash, or approximately $535 million on a fully diluted basis. In addition to the upfront cash payment, each stockholder of Optimer Pharmaceuticals, Inc will receive a Contingent Value Right (CVR), which is expected to be publicly traded, entitling the holder to receive an additional one-time cash payment of up to $5.00 for each share they own if certain net sales of DIFICID(R) (fidaxomicin) are achieved, or a total transaction value of up to $801 million on a fully diluted basis 
  • On July 22, 2013, PacWest Bancorp and CapitalSource Inc. announced the signing of an agreement and plan of merger whereby PacWest and CapitalSource will merge in a transaction valued at approximately $2.3 billion. Under the terms of the proposed transaction, CapitalSource Inc shareholders will receive $2.47 in cash and 0.2837 shares of PacWest common stock for each share of CapitalSource Inc common stock. The total value of the CSE per share merger consideration, based on the closing price of PacWest shares on July 19, 2013 of $32.32, is $11.64. 
  • Nash-Finch Company (NAFC) Investors and Shareholders:  Are you satisfied with the recently announced sale of Nash-Finch to Spartan Stores, Inc.?  Under the terms of the transaction, Nash-Finch shareholders will receive 1.20 shares of Spartan common stock for each share of Nash-Finch stock they own. Based on prior closing prices, the proposed transaction implies a value of $25.44 per share for NAFC stock and a total approximate value of $1.3 billion, including the assumption of debt.

  • The board of directors of Harris Teeter (HTSI) announced it entered into a merger agreement whereby it will be acquired by Kroger Co. in a transaction that values Harris Teeter at approximately $2.5 billion.  Under the terms of the Harris Teeter merger agreement, Harris Teeter shareholders will receive $49.38 in cash for each share of HTSI owned.

  • Overhill Farms shareholders are set to receive only $5 per share if the proposed merger with Bellisio Foods is effectuated. Do you think $5 is a fair price?