NEW YORK, Aug. 29, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Ecology & Environment,
Inc. ("EEI" or the "Company") (NASDAQ: EEI) in connection with the
proposed acquisition of the Company by WSP Global Inc. Under
the terms of the acquisition, EEI shareholders will receive
$15.00 cash and a special dividend of
up to $0.50 per share.
If you own EEI shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our
website
http://www.weisslawllp.com/ecology-environment-inc/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether EEI's Board acted to maximize
shareholder value prior to agreeing to be acquired.
Specifically, at least two analysts recently upgraded EEI stock to
a "Buy." Additionally, the Company's revenue for the first
half of 2019 was up 12% from 2018; gross profit for the second
quarter of 2019 was up 20% from 2018; and Base Business was up 7%
from the same quarter last year.
Notably, the acquisition agreement includes a termination
penalty if the Company accepts a better offer. Given these
facts, WeissLaw is concerned whether the proposed acquisition
undervalues the Company, and whether all material information
related to the proposed acquisition is fully and fairly
disclosed.
WeissLaw LLP 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 clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP
