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These class actions are brought to protect and defend the rights and privileges of public shareholders whose companies have entered into management-led buyouts, mergers, or other similar business combinations. Directors of a publicly traded company owe the company's public shareholders the tripartite fiduciary duties of due care, loyalty, and full and fair disclosure. Unfortunately, in the merger context, directors often fail to fulfill these duties as a result of material conflicts of interest. Shareholder interests are commonly overlooked and/or disregarded entirely in favor of the interests of directors, management, or a company's majority shareholder. Barroway Topaz Kessler Meltzer Check, LLP has prosecuted numerous class actions on behalf of shareholders who have been unfairly or inadequately treated in a merger or business combination. Barroway Topaz Kessler Meltzer Check, LLP has achieved substantial recoveries in many of these cases, including
(1) millions of dollars in increased consideration for shareholders' shares;
(2) the disclosure of material information which enables a shareholder to better judge the fairness of a proposed transaction; and
(3) other types of therapeutic relief designed to protect and maximize shareholder value.
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