The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Smurfit-Stone Container C...
January 26 2011 - 6:52PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Smurfit-Stone Container Corporation (“Smurfit-Stone”
or the “Company”) (NYSE: SSCC) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to RockTenn (NYSE: RKT). Under the terms of the
transaction, Smurfit-Stone shareholders will receive 0.30605 shares
of RockTenn common stock and $17.50 in cash, for an aggregate value
of $35 per Smurfit-Stone common stock. The transaction has a total
value of approximately $3.5 billion.
The investigation concerns whether the Smurfit-Stone Board of
Directors breached their fiduciary duties to Smurfit-Stone
stockholders by failing to adequately shop the Company before
entering into this transaction and whether RockTenn is underpaying
for Smurfit-Stone shares, thus unlawfully harming Smurfit-Stone
stockholders.
If you own common stock in Smurfit-Stone and wish to obtain
additional information, please contact Joseph Klein, Esq. directly,
via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005,
Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/smurfit-stone-sscc.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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