NV Energy, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by MidAmerican Energy Holdings Company, a Subsidiary of Berkshire Hathaway Inc.
May 30, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of NV Energy, Inc. (“NV Energy” or the “Company”) (NYSE: NVE) breached its fiduciary duty to its shareholders in agreeing to sell NV Energy to MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway Inc.
Under the terms of the agreement, NV Energy shareholders will receive $23.75 in cash for each share they own. The investigation is focused on the potential unfairness of the price to NV Energy shareholders and the process by which the NV Energy 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 ten years.