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Smurfit-Stone Investor Sues Over $3.5B RockTenn Deal

Law360 (February 2, 2011, 7:39 PM EST) -- A Smurfit-Stone Container Corp. shareholder has launched a proposed class action aiming to block rival RockTenn Co.'s $3.5 billion acquisition of the corrugated packaging manufacturer.

Shareholder John Marks filed the suit Wednesday in the Court of Chancery of the State of Delaware against Smurfit-Stone, RockTenn and a slew of Smurfit-Stone executives including CEO Patrick Moore and Chairman Ralph Hake, as well as Sam Acquisition LLC, a RockTenn unit created for the purpose of the merger.

Marks launched the suit on behalf of stockholders of Smurfit-Stone, a...
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