April 10, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of X-Rite, Incorporated (“X-Rite” or the “Company”) (NASDAQ: XRIT) breached its fiduciary duty to its shareholders in agreeing to sell X-Rite to Danaher Corporation (NYSE: DHR).
Under the terms of the agreement, X-Rite shareholders will receive $5.55 in cash for each share they own. The investigation is focused on the potential unfairness of the price to X-Rite shareholders and the process by which the X-Rite Board of Directors considered and approved the transaction.
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 nine years.