Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Compliance December 28, 2011
Law Firm Investigating Sale of Winn-Dixie Stores
Bull & Lifshitz, LLP, is investigating possible breaches of fiduciary duty in connection with the proposed sale of Winn-Dixie Stores, Inc. to BI-LO, LLC.
Reported by PLANSPONSOR staff
Under the terms of the definitive agreement, BI-LO will acquire all of the outstanding shares of Winn-Dixie stock in the merger. Winn-Dixie shareholders will receive $9.50 in cash per share of Winn-Dixie common stock.
Bull & Lifshitz, LLP’s, investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.
Bull & Lifshitz, LLP is a New York City-based law firm that often represents investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. Shareholders that would like more information about the investigation can contact Peter D. Bull, Esq., at (866) 313-6222 or counsel@nyclasslaw.com.
You Might Also Like:
Insurers Continue Effort for Retirement Security Rule Injunction
Nine insurance industry organizations and representatives have responded to the DOL’s rebuttal of the groups’ litigation against the rule as...
PBGC Closer to Receiving Pension Plan Restitution Payments
Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company...
Benefits |
Increased Litigation Around PRTs Brings Insurance Industry Practices to Light
As defined benefit plan sponsors look to de-risk and offload pension liabilities, the selection of annuity providers has come under...