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It is critical for stockholders of publicly held companies to move quickly when a merger or sale is announced and the shareholder does not believe that the price offered for the shares is adequate or the information provided to shareholders regarding the transaction is complete. As a stockholder, you have the ability to challenge the proposed sale and investigate whether the proposed sale price is objectively fair. However, in order to do so, a great deal of work needs to be done in a very short period of time. For example, shareholders will need to file a class action on behalf of similarly situated shareholders, obtain discovery of the company’s books and records, meeting minutes and related financial documents, have a financial expert review the materials and offer an opinion, and in some cases, even seek a temporary restraining order to put the brakes on the proposed sale. On average, this process lasts three to six months.
Unfortunately for stockholders, after the sale is announced, the deal is usually closed within a very short window of time (often only a few months). This means that in order to complete the necessary legal work to preserve your rights before the sale is closed, you must move quickly to retain capable legal counsel. If you don’t, then you could be forced to accept an unfair sales price without any further recourse.
At Powers Taylor, we represent stockholders in these types of cases every day, so you can rest assured that once you sign up with us, we will move quickly to preserve your rights in an effort to maximize your share value. Therefore, if you are a stockholder of a publicly traded company that has announced a sale or merger, it is critical that you contact our office immediately to discuss your legal options.
Powers Taylor, LLP is a boutique litigation firm located in Dallas, Texas. The Dallas shareholder litigation attorneys at Powers Taylor, LLP handle a variety of shareholder derivative litigation claims, cases involving corporate and officer fraud, and pursue federal class action securities cases across the country. In addition, the firm’s shareholder rights attorneys regularly represent minority shareholders and limited liability company owners of private closely-held Texas companies in litigation involving minority shareholder oppression, illegal squeeze-outs, and improper dilution of ownership.
To learn more about Powers Taylor’s shareholder derivative and securities class action litigation practice, please visit https://powerstaylor.com.
To learn more about Powers Taylor’s Texas minority shareholder oppression practice, please visit www.texasshareholderoppression.com.