Southwest Water Company Merger Litigation (Nasdaq: SWWC)
Law Office of Brodsky & Smith, LLC Announces Investigation of Southwest Water Company
BALA CYNWYD – (BUSSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Southwest Water Company (“Southwest Water” or the “Company”) (Nasdaq: SWWC – News) relating to the proposed acquisition by an investor group advised by J.P. Morgan Asset Management and Water Asset Management, LLC. Under the terms of the offer, Southwest Water shareholders would receive $11.00 for each share of Southwest Water stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Southwest board’s approval of the proposed acquisition. Specifically, Southwest Water shareholders need additional information as to what actions the board took to adequately shop the Company given the improved share price and dividend since the Company restated financials in 2008.
If you own shares of Southwest Water and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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