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 the Board of Directors of Global Industries, Ltd. (NASDAQ:GLBL) (“Global”) arising from its proposed acquisition by Technip (NYSE Euronext Paris: TEC) in an all cash transaction valued at approximately $937 million. Under the terms of the transaction, Global shareholders will receive $8.00 per share.
Weiss & Lurie is investigating whether Global’s Board acted in the best interests of its shareholders in approving the transaction and whether the Board properly sought to maximize shareholder value. Global shares were trading above $8.00 as recently as May 2011 and closed at $10.11 on April 5, 2011.
If you own Global shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin 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.