NEW YORK, June 14, 2013 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential legal claims against the board of directors of Dole Food Company, Inc. ("Dole" or the "Company") (NYSE: DOLE) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by the Company's Chairman of the Board and Chief Executive Officer, David H. Murdock, in a transaction valued at approximately $1.5 billion.
Under the terms of the proposal, public shareholders of Dole will receive $12.00 per share in cash for each share of Dole they own.
Morgan & Morgan's investigation concerns whether Dole's Board of Directors breached its fiduciary duties to act in the best interests of Dole shareholders and to take all necessary steps to ensure that Dole shareholders receive the maximum value readily available for their shares of Dole common stock.
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
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SOURCE Morgan & Morgan