Brower Piven Announces Class Action Lawsuit in Connection With Claims of
Breaches of Fiduciary Duty by the Board of Duff & Phelps in Connection With a
Proposed Going Private Transaction -- DUF
STEVENSON, Md., Feb. 8, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional
Corporation announces that a class action lawsuit has been commenced in the
Delaware Court of Chancery on behalf of all shareholders of Duff & Phelps
("Duff & Phelps" or the "Company") (NYSE:DUF).
According to the complaint, under the terms of the proposed transaction, The
Carlyle Group, Stone Point Capital, LLC, Pictet & Cie and Edmond de Rothschild
Group would acquire the outstanding shares of Duff & Phelps it does not
currently own for a value of $15.55 per share. The transaction has a total
approximate value of $665.5 million. The claims concern, among other things,
whether the proposed consideration to be paid to Duff & Phelps shareholders is
unfair, inadequate, and substantially below the fair or inherent value of Duff
& Phelps. In particular, at least one analyst set a price target for Duff &
Phelps stock at $24 per share.
If you own common stock in Duff & Phelps, you may obtain additional
information about this lawsuit by contacting Brower Piven at
www.browerpiven.com, by email at firstname.lastname@example.org, by calling
410/415-6701, or at Brower Piven, A Professional Corporation, 1925 Old Valley
Road, Stevenson, Maryland 21153.Attorneys at Brower Piven have combined
experience litigating securities and class action cases of over 40 years. If
you choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your choice.You
need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
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