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Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Timberland Company
//house-home.news-articles.net/content/2011/06/1 .. ary-duty-by-the-board-of-timberland-company.html
Published in House and Home on Tuesday, June 14th 2011 at 12:15 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Timberland Company ("Timberland" or the "Company") (NYSE:TBL) 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 VF Corporation. Under the terms of the proposed transaction, Timberland shareholders are to receive $43.00 per share in cash for each outstanding share of Timberland common stock, for a total transaction value of about $2 billion.
The investigation involves whether the Board of Directors of Timberland breached their fiduciary duties to Timberland stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Timberland has disclosed all material information to shareholders about the proposed transaction. Of particular interest, Timberland stock traded up to $45.50 as recently as May 2, 2011.
If you own stock in Timberland 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.