Dole Food Company, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Chairman and CEO’s Going Private Proposal
Tuesday, June 11, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Dole Food Company, Inc. (“Dole” or the “Company”) (NYSE: DOLE) is breaching its fiduciary duty to its shareholders in connection with a proposal by David H. Murdock (“Mr. Murdock”), the Company’s Chairman and Chief Executive Officer, to take the Company private.
Under the terms of the proposal, Dole shareholders will receive $12.00 in cash for each share of common stock they own. The investigation is focused on whether Mr. Murdock’s proposal undervalues the Company’s shares.
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 ten years.