RailAmerica, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Genesee & Wyoming Inc.
July 23, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of RailAmerica, Inc. (“RailAmerica” or the “Company”) (NYSE: RA) breached its fiduciary duty to its shareholders in agreeing to sell RailAmerica to Genesee & Wyoming Inc. (NYSE: GWR).
Under the terms of the agreement, RailAmerica shareholders will receive $27.50 in cash for each share they own. The investigation is focused on the potential unfairness of the price to RailAmerica shareholders and the process by which the RailAmerica 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.