Speak to a Lawyer, Not a Receptionist!
Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Telephone: (215) 638-4847
Facsimile: (215) 638-4867
Toll Free: 1-888-638-4847
Copyright © 2006-2017 Law Offices of Howard G. Smith
Frequently Asked Questions about Takeover Cases
1.  What is a "takeover" case?
     A takeover case is a lawsuit against the directors of a
     publicly traded corporation alleging that they breached their
     fiduciary duties in approving a proposed merger or
     acquisition of their company by another company.

2.  What is a "breach of fiduciary duty?"
      A "fiduciary duty" is a duty of loyalty or trust that someone
      owes to another.  All states impose a duty of loyalty on
      corporate officers and directors to protect the interests of all
      shareholders as they would their own.  If an officer or
      director puts his personal interests over the rights of the
      shareholders he is said to breach his fiduciary duty. 

3.  How do corporate directors breach their fiduciary duties
     in takeover cases?
     Corporate directors generally own so many shares of their
     corporation's stock that they are able to control a shareholder
     vote to accept any proposed merger or acquisition.  If the
     corporate directors structure a merger or acquisition to give
     them some benefit greater than that which the deal gives to
     other shareholders, because their controlling ownership  
     interest in the company means that they will be able to force
     their self-serving deal on the minority shareholders, they
     have breached their fiduciary duty to the minority
     shareholders.
5.  What is a takeover class action lawsuit?
      A takeover class action lawsuit is a lawsuit where many
      investors harmed when a member of the Company's Board
      of Directors breaches his or  her fiduciary duty to them join
      together to sue the directors that harmed them. The
      harmed investors join together to sue the directors that
      harmed them because it would not be economically
      feasible for each harmed investor to separately sue the
      directors that harmed him.

6.  How can I join a takeover class action lawsuit?
     You may should call the Law Offices of Howard G. Smith.  Mr.
     Smith will personally explain to you how to join the lawsuit
     and answer any questions that you may have.  Depending
     on the case, you may be able to join a takeover class action
     lawsuit simply by filling out a form online.
 
7.  What is expected of me if I join a takeover class action
     lawsuit?
     The only thing required of you if you join a takeover class
     action lawsuit is that you must agree to keep at least a few of
     your shares until the end of the litigation.

9.  How long does the the litigation take?
     The litigation only takes a few months. 

10. Does it cost me anything to file a lawsuit?
      No.  The Law Offices of Howard G. Smith will never ask you
      for any money and will cover any cost or expense of
      litigation from its own funds.
Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Telephone: (215) 638-4847
Facsimile: (215) 638-4867
Toll Free: 1-888-638-4847
Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Telephone: (215) 638-4847
Facsimile: (215) 638-4867
Toll Free: 1-888-638-4847