Gilman Law Investigates Class Action Securities Fraud Lawsuit Against Ralcorp Holdings, Inc.
Gilman Law LLP, a leading national securities law firm, is actively investigating shareholder allegations that Ralcorp Holdings, Inc. (“Ralcorp”) and its Board of Directors breached their fiduciary duty to shareholders and violated other state and federal laws arising out of the refusal to entertain the proposed offer by ConAgra Foods, Inc. (“ConAgra”) to acquire the Company. Ralcorp is a leading producer of private label foods and a major producer of food service products.
For over 40 years, the lawyers at Gilman Law have been involved in all major aspects of securities fraud litigation. The firm specializes in cases involving mergers & acquisitions, stock manipulation, securities fraud, and shareholder rights violations. If you purchased shares of Ralcorp Holdings, Inc. (NYSE: RAH) and currently hold these shares, you may contact Gilman Law LLP by completing our free consultation form or by calling our Toll Free Number at 888-252-0048, to discuss your rights.
Breach of Fiduciary Duty
A class action lawsuit has been commenced in Missouri Circuit Court on behalf of a proposed class of Ralcorp shareholders. The shareholder class action suit alleges that Ralcorp’s Board of Directors breached their fiduciary duty to shareholders concerning the unsolicited merger proposal by ConAgra. The Complaint alleges that Ralcorp failed to act in the best interest of shareholders by failing to engage in any discussions with ConAgra to discuss their $94 per share, all-cash proposal which was well above market value. After news was released that Ralcorp rejected ConAgra’s offer, shares of Ralcorp closed at almost $15.00 below ConAgra’s proposed purchase price.
Gilman Law has extensive experience representing both individual and institutional investors in securities class action suits. Gilman Law has recovered over a billion dollars for its clients and can help you recover any losses that you might incur as a result of Ralcorp’s fraudulent practices. For a free evaluation of your case or to obtain additional information, please complete our free consultation form or CALL TOLL FREE (888) 252-0048.