The suit is filed against Bucyrus and its board of directors for violations of the Securities Exchange Act of 1934. The complaint alleges that the acquisition is the product of a fundamentally flawed process, undertaken in breach of the board's fiduciary duties.
San Diego, CA: A class action lawsuit has been filed on behalf of an institutional investor against Bucyrus International Inc. The suit, filed in the United States District Court for the Eastern District of Wisconsin on behalf of all persons who held shares of the common stock of Bucyrus, is related to the November 15 announcement that Bucyrus will be acquired by Caterpillar Inc.
The suit is filed against Bucyrus and its board of directors for violations of the Securities Exchange Act of 1934. The complaint alleges that the acquisition is the product of a fundamentally flawed process, undertaken in breach of the board's fiduciary duties.
The suit is filed against Bucyrus and its board of directors for violations of the Securities Exchange Act of 1934. The complaint alleges that the acquisition is the product of a fundamentally flawed process, undertaken in breach of the board's fiduciary duties.
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