Genon Energy, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by NRG Energy, Inc.
July 23, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of GenOn Energy, Inc. (“GenOn” or the “Company”) (NYSE:GEN) breached its fiduciary duty to its shareholders in agreeing to sell GenOn to NRG Energy, Inc. (NYSE: NRG).
Under the terms of the agreement, GenOn shareholders will receive will receive 0.1216 shares of NRG common stock in exchange for each share they own. The investigation is focused on the potential unfairness of the price to GenOn shareholders and the process by which the GenOn Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.