Bernstein Liebhard LLP Announces Investigation of Acquisition of ZOLL Medical Corporation
March 12, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of ZOLL Medical Corporation (“ZOLL” or the “Company”) (NASDAQ GS: ZOLL) breached its fiduciary duty to its shareholders in agreeing to sell ZOLL to Asahi Kasei Corporation.
Under the terms of the agreement, ZOLL shareholders will receive $93 in cash for each share they own. The investigation is focused on the potential unfairness of the price to ZOLL shareholders and the process by which the ZOLL Board of Directors considered and approved the transaction.
Bernstein Liebhard 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.