BALA CYNWYD, Pa., May 09, 2022 (GLOBE NEWSWIRE) — The law firm of Brodsky & Smith announces it is investigating potential claims against the board of directors of Alleghany Corporation (“Alleghany” or the “Corporation “) (-Y) for possible breaches of fiduciary duty and other violations of federal and state laws in connection with the Company’s agreement to be acquired by Berkshire Hathaway (“Berkshire”) (-BRK.A ; BRK.B). Under the terms of the merger agreement, Alleghany shareholders will receive $848.02 in cash for each common share held by Alleghany. The transaction is valued at approximately $11.6 billion.
The investigation focuses on whether Alleghany’s board breached its fiduciary duties to shareholders by failing to conduct due process and whether Berkshire is paying too little for the company.
If you own shares of Alleghany and wish to discuss the legal ramifications of the investigation, or have any questions, you may email or call the Brodsky & Smith law office which, without obligation nor cost to you, will attempt to answer your questions. You can contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/alleghany- corporation–y/, or call toll-free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise in representing shareholders across the country in securities lawsuits and class actions. Brodsky & Smith attorneys have been appointed by numerous courts across the country to serve as lead counsel in class action lawsuits and have successfully recovered millions of dollars for our clients and shareholders. Lawyer advertisement. Previous results do not guarantee a similar result.