On April 12, 2011, we filed a complaint on behalf of two investors in K-Sea Transportation Partners L.P. (NYSE: KSP) (“K-Sea”) with the Court of Chancery of the State of Delaware challenging the fairness of the proposed merger of K-Sea and and Kirby Corporation (NYSE: KEX) (“Kirby”).
The complaint alleged that the directors of K-Sea General Partner GP LLC breached K-Sea's limited partnership agreement and their fiduciary duties to the common unitholders of K-Sea by approving the merger with Kirby.
We were ultimately appointed co-lead counsel with three other firms to represent the class of plaintiffs. A consolidated amended complaint has since been filed on behalf of the class.
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Published In:
Mergers & Acquisitions Updates
Reference Info:
Pleadings |
State, 3rd Circuit, Delaware |
United States
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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