Landry’s Faces Shareholder Action Over $238M Deal

By Erin Coe

Law360, New York (November 11, 2009, 1:56 PM ET) -- A shareholder of Landry’s Restaurants Inc. has brought a proposed class action alleging a planned $238 million buyout deal for the national restaurant and entertainment company by its CEO and other company directors is “grossly inadequate.”

Company shareholder Fredric Goldfein lodged the action in the District Court of Harris County, Texas, on Nov. 5 against Houston-based Landry’s, its CEO and chairman, Tilman J. Fertitta, and five other directors after the company struck a deal to be bought out by the Fertitta group at $14.75 per share....
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles