Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Burlington Northern Santa Fe Corp. - BNI
2009年11月4日 - 11:31PM
ビジネスワイヤ(英語)
Levi & Korsinsky is investigating the Board of Directors of
Burlington Northern Santa Fe Corp. (“Burlington” or the “Company”)
(NYSE: BNI) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to Berkshire Hathaway, Inc. (NYSE: BRK). Under the
terms of the transaction, Berkshire will acquire the remaining
77.4% of Burlington shares it does not already own in a cash and
stock valued at approximately $44 billion. The Company’s
stockholders will receive either $100 in cash or a variable number
of shares of Berkshire Class A or Class B common stock, subject to
proration if the elections of the shareholders do not equal
approximately 60 percent cash and 40 percent stock.
The investigation concerns whether Burlington's Board of
Directors have breached their fiduciary duties to stockholders by
failing to adequately shop the Company before entering into this
transaction and whether Berkshire is underpaying for Burlington's
shares, thus unlawfully harming Burlington's stockholders.
If you own common stock in Burlington and wish to obtain
additional information, please contact us at the number listed
below or visit http://www.zlk.com/bni1.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
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