Shareholders Fight Constellation Over Merger Plan

Law360, New York (December 10, 2008, 12:00 AM EST) -- A putative class of Constellation Energy Group Inc. shareholders has sued the company, accusing it of violating securities law in connection with its proposed sale to the Warren Buffett-controlled MidAmerican Energy Holdings Co., which is also named as a defendant.

The lawsuit, filed Tuesday in the U.S. District Court for the District of Maryland and dated Dec. 5, also accuses the defendants of breach of fiduciary duty under Maryland law.

Twelve individual defendants named in the suit — members of Constellation's board of directors — are...
To view the full article, register now.