Lawsuit Overview
July 18, 2014 (Shareholders Foundation) - An investor, who currently holds shares of Lorillard Inc. (NYSE:LO), filed a lawsuit in effort to halt the proposed takeover of Lorillard Inc. by Reynolds American Inc for a value of $68.88 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:LO stockholders by agreeing to sell Lorillard Inc. too c...
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