Duff & Phelps Go-Shop Shows No Deal Is Immune To Suits

Law360, New York (January 18, 2013, 5:39 PM EST) -- In negotiating its $665 million buyout by The Carlyle Group LP and three other private equity firms, New York investment bank Duff & Phelps Corp. ended up with one of the most board-friendly deals in years, according to several attorneys who reviewed the documents.

Even so, it got sued.

Deal makers say two lawsuits filed this week claiming the board shortchanged investors are proof that no deal is safe from shareholder challenges, no matter how far the board goes to ensure the process is fair and...
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