Newman Ferrara LLP is investigating potential claims against the board of directors of DIRECTV (Nasdaq:DTV) concerning the proposed sale of DIRECTV to AT&T Inc. (“AT&T”).
On May 18, 2014, DIRECTV entered into an agreement and plan of merger to be acquired by AT&T pursuant to which, DIRECTV stockholders will receive $95.00 per share of DIRECTV stock owned, comprised of $28.50 in cash and AT&T common stock valued at approximately $66.50. However, according to Yahoo! Finance, at least one analyst has issued a price target for DIRECTV stock at $100.00 per share.
Newman Ferrara’s investigation concerns whether DIRECTV’s Board of Directors has breached its fiduciary duties to act in the best interests of DIRECTV’s stockholders. The investigation focuses on the potential unfairness of the consideration being provided to DIRECTV’s stockholders and the process by which DIRECTV’s Board of Directors considered and approved the proposed deal.
Concerned investors may contact Newman Ferrara attorneys Jeffrey Norton at
or Roy Shimon at
to discuss this investigation, their rights, or potential remedies.
Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at