Berman Tabacco served as co-lead counsel representing co-lead plaintiff, the Louisiana Municipal Police Employees’ Retirement System, in this action challenging the terms of a merger. The case settled for an 11% increase in the merger consideration valued at approximately $39 million. At plaintiffs’ insistence, defendants also agreed to disclose important information to shareholders concerning the financial and procedural fairness of the proposed transaction.
Case Information- Settlement Amount:
11% increase in the merger consideration valued at approximately $39 million
11% increase in the merger consideration valued at approximately $39 million