BK Investors Want It Their Way In $4B Sale To 3G

Law360, New York (September 9, 2010, 6:36 PM EDT) -- Burger King Holdings Inc. has been hit with a putative class action by shareholders over an agreement to sell itself to investment firm 3G Capital Management LLC for $4 billion.

The suit, filed Wednesday on behalf of the plaintiffs by Brian D. Long of Rigrodsky & Long PA in the Court of Chancery of the State of Delaware, alleges that the deal misrepresents Burger King's true worth and that its board of directors breached their fiduciary duty.

“The defendants have initiated a process to sell Burger...
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