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BISCH et al v. BONTEMPO et al
Case Number:
2:13-cv-01392
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
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March 03, 2014
Investor Deal Over Michael Baker's $397M Sale Approved
A Pennsylvania federal judge granted preliminary approval Monday to a deal in which Michael Baker Corp. will fork over more information to investors who had alleged the company's $397 million sale to a private-equity-backed government contractor was "grossly inadequate."
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September 25, 2013
Michael Baker Investors Call $397M Offer 'Grossly Inadequate'
Investors in engineering firm Michael Baker Corp. on Tuesday sued the company in Pennsylvania federal court, alleging its directors backed a "grossly inadequate" $397 million sale to private equity-backed Integrated Missions Solutions Inc. for their own benefit.