Virgin Media Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Liberty Global, Inc.
February 06, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Virgin Media Inc. (“Virgin Media” or the “Company”) (NASDAQ: VMED; LSE: VMED) breached its fiduciary duty to its shareholders in agreeing to sell Virgin Media to Liberty Global, Inc. (“Liberty Global”)(NASDAQ: LBTYA, LBTYB and LBTYK).
Under the terms of the agreement, Virgin Media shareholders will receive $17.50 in cash, 0.2582 Liberty Global Series A shares and 0.1928 Liberty Global Series C shares for each share they own. The investigation is focused on the potential unfairness of the price to Virgin Media shareholders and the process by which the Virgin Media 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.