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Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of RC2 Corporation

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  Published in House and Home on Friday, March 11th 2011 at 9:11 GMT by Market Wire
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BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of RC2 Corporation ("RC2" or the "Company") (Nasdaq: RCRC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Tomy Company, Ltd. Under the terms of the proposed transaction, RC2 shareholders are being offered $27.90 in cash for each share of RC2 common stock, for a total value of approximately $640 million.

The investigation involves whether the Board of Directors of RC2 breached their fiduciary duties to RC2 stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether RC2 has disclosed all material information to shareholders about the proposed transaction. Specifically, according to Yahoo Finance, the median target price set by analysts is $28.00 per share, and one analyst has set a target of $29.00 per share.

If you own stock in RC2 and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [ jstein@jonathansteinlaw.com ] or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L.represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, [ www.jonathansteinlaw.com ], and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.