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The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of RC2 Corporation in Connecti

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  Published in House and Home on Wednesday, March 23rd 2011 at 8:50 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of RC2 Corporation (Nasdaq: RCRC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Tomy Company, Ltd. (Tokyo Stock Exchange, First Section: 7867). Under the terms of the deal, RC2 shareholders will receive $27.90 in cash per share. The transaction has a total value of approximately $640 million.

The investigation concerns whether the RC2 Board of Directors breached their fiduciary duties to RC2 stockholders by failing to adequately shop the Company before entering into this transaction and whether Tomy is underpaying for RC2 shares, thus unlawfully harming RC2 stockholders. At least one analyst set a price target of $29.00 per share of RC2 stock.

If you own common stock in RC2 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/rc2-corp-rcrc.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.