The Law Offices of Howard G. Smith is investigating whether the Board of Directors of Wesco Financial Corporation (AMEX: WSC) breached its fiduciary duty to its shareholders related to the proposal from Berkshire Hathaway Inc. to purchase all the shares of the Company that Berkshire does not currently own for approximately $353 per share.
The Law Offices of Howard G. Smith believes that the deal is suspicious because it appears from a review of the Company's financial statements that the inherent value of the Company's stock is greater than $353 per share, because the Company's shares traded at $400 this year, and also because, considering that Berkshire Hathaway already owns over 80% of the Company, the transaction does not appear to be an arms-length deal.
If you own shares of Wesco Financial Corporation (AMEX: WSC) and wish to protect your investment you may join the lawsuit by submitting your information online or call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you.
Case Summary
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I, the Plaintiff, certify that:
1. I authorize my attorney to file a Complaint on my behalf based on
the information provided in the Case Summary. I verify that the
information contained in the Case Summary is true to the best of
my knowledge, information and belief.
2. I currently hold shares of the Company's stock. I
agree to hold some shares of the Company's stock throughout
the litigation.
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retain the Law Offices of Howard G. Smith in an action against the Company based on the Case Summary. I also acknowledge that I have read and agree to the Representation Agreement.
