NEW YORK, June 2, 2006 (PRIMEZONE) -- Wechsler Harwood LLP today announced that it has filed a class action suit on behalf of holders of the common stock of Kinder Morgan, Inc. ("KMI" or the "Company") (NYSE:KMI).
The action, entitled, Hodge v. Kinder Morgan, Inc. et al., is pending in the District Court of Johnson County, Kansas, and names as defendants the Company, and certain of its officers and directors. A copy of the complaint can be obtained from the Court or can be viewed on the Wechsler Harwood web site at: www.whesq.com.
The Complaint charges defendants with violations of their fiduciary obligations to the Company's shareholders because certain members of management are seeking to take the Company private at an inadequate and unfair price and KMI's directors have failed to announce any active auction or open bidding procedures best calculated to maximize shareholder value.
Wechsler Harwood has taken a leading role in many important actions on behalf of defrauded shareholders. The Wechsler Harwood website (www.whesq.com) has more information about the firm and detailed information regarding this matter. If you wish to discuss this action with us, or have any questions concerning this notice, or wish to take an active role in this action, please contact the following:
Wechsler Harwood LLP Robert I. Harwood, Esq. (rharwood@whesq.com) Samuel K. Rosen, Esq. (srosen@whesq.com) 488 Madison Avenue, 8th Floor New York, New York 10022 Toll Free Telephone: (877) 935-7400 http://www.whesq.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca