Shareholders Sue Mentor Over $1B Merger With J&J

Law360, New York (December 18, 2008, 12:00 AM EST) -- Aesthetic-implants maker Mentor Corp. has been sued separately by two shareholders who allege the company's board breached its fiduciary duties to shareholders in a proposed $1 billion merger with Johnson & Johnson.

Both suits were filed by individual shareholders who claim the deal happened through an unfair process and at an unfair price. One of the suits also alleges that Johnson & Johnson aided and abetted the purported breaches in fiduciary duties, Mentor said in a U.S. Securities and Exchange Commission filing Wednesday.

The company claims...
To view the full article, register now.