WASHINGTON, Jan. 15, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating claims that the Board of Directors of Mentor Corporation (NYSE:MNT) have breached their fiduciary duty to the corporation and its shareholders in connection with Johnson & Johnson's proposed cash tender offer for all outstanding shares of Mentor's common stock at a price of $31.00 per share.
In a complaint recently filed in the United States District Court for the Central District of California, plaintiffs allege that certain officers and directors breached their fiduciary duty to the corporation by failing to maximize the value of Mentor for its public shareholders. In doing so, the complaint states that the defendants avoided competitive bidding and agreed to an unfair merger agreement to the disadvantage of shareholders.
If you are interested in discussing your rights as a Mentor Corporation shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.