Diamond Shareholder Looks To Block $378M PwC Deal

Law360, New York (September 17, 2010, 7:13 PM EDT) -- A Diamond Management & Technology Consultants Inc. shareholder has brought a class action seeking to block the proposed $378 million sale of the consulting firm to PricewaterhouseCoopers LLP.

Shareholder Mike Williamson filed the suit in the Court of Chancery of the State of Delaware on Thursday, alleging breaches of fiduciary duty against top-level Diamond executives, as well as conspiracy on the part of PwC for helping to eliminate public shareholders’ equity stake in Diamond and setting an unfair sale price.

“The proposed transaction is wrongful, unfair...
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