BALA CYNWYD, Pa., Oct. 23, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cascade Corporation ("Cascade" or the "Company") (NYSE- CASC-News) relating to the proposed acquisition by Toyota Industries Corporation. ("TICO").
Under the terms of the transaction, Cascade shareholders will receive only $65.00 in cash for each share of Cascade stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Cascade for not acting in the Company's shareholders' best interests in connection with the sale process to Tico. For example, following completion of the merger, Cascade's President and CEO will remain with the Company thereby raising the possibility of a conflict of interest.
If you own shares of Cascade stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/491-casc-cascade-corporation.html, by calling toll free 877-LEGAL-90.
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SOURCE Brodsky & Smith, LLC