July 17, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of URS Corporation (“URS” or the “Company”) (NYSE: URS) breached its fiduciary duty to its shareholders in agreeing to sell URS to AECOM Technology Corporation (“AECOM”).
Under the terms of the agreement, URS shareholders will receive per share consideration equal to $33.00 in cash and 0.734 shares of AECOM common stock for each share they own. URS stockholders may elect to receive all cash or all stock consideration, subject to proration in the event of oversubscription. The investigation is focused on the potential unfairness of the price to URS shareholders and the process by which the URS 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.