Law Office of Brodsky & Smith, LLC Announces Investigation of Southwest Water Company
March 03 2010 - 6:57PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Southwest Water Company (“Southwest Water” or the “Company”)
(Nasdaq: SWWC) relating to the proposed acquisition by an investor
group advised by J.P. Morgan Asset Management and Water Asset
Management, LLC. Under the terms of the offer, Southwest Water
shareholders would receive $11.00 for each share of Southwest Water
stock they own.
The investigation concerns possible breaches of fiduciary duty
and other violations of state law related to the Southwest board’s
approval of the proposed acquisition. Specifically, Southwest Water
shareholders need additional information as to what actions the
board took to adequately shop the Company given the improved share
price and dividend since the Company restated financials in
2008.
If you own shares of Southwest Water and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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