Dresser-Rand Group Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Siemens AG
September 22, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Dresser-Rand Group Inc. (“Dresser-Rand” or the “Company”) (NYSE: DRC) breached its fiduciary duty to its shareholders in agreeing to sell Dresser-Rand to Siemens AG.
Under the terms of the agreement, Dresser-Rand shareholders will receive $83.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Dresser-Rand shareholders and the process by which the Dresser-Rand 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 twelve years.