Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by members of the Board of Directors of Todd Shipyards Corporation (NYSE: TOD) arising from the acquisition of Todd by Vigor Industrial LLC.
Under the terms of the transaction, Vigor will offer to purchase all outstanding shares of Todd for $22.27.
Weiss & Lurie is investigating whether Todd’s Board acted in the best interests of shareholders in approving the proposed transaction and whether the Board properly sought to maximize shareholder value. Todd’s directors and officers and other shareholders, owners of approximately 15.3% of Todd’s outstanding shares, have agreed with Vigor to tender their shares and to vote their shares in favor of the merger.
If you own in Todd shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun either by email at firstname.lastname@example.org or by telephone at (888) 593-4771.Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/. Attorney Advertising. Past results do not guarantee a similar outcome.