BALA CYNWYD, Pa., July 9, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Chubb Corporation ("Chubb" or "the Company") (NYSE -CB-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to ACE Limited ("ACE").
Click here to learn more about the investigation http://brodsky-smith.com/959-cb-chubb-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Chubb shareholders will receive only $62.93 in cash and 0.6019 of a share of ACE common stock for each share of Chubb stock they own. The transaction values Chubb at only proximately $124.13 per share. The investigation concerns whether the Board of Chubb breached their fiduciary duties to shareholders and whether ACE is underpaying for Chubb. The transaction may undervalue Chubb as the purchase price is substantially below an analyst price target of $141.00 per share.
If you own shares of Chubb and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/959-cb-chubb-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC