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Cohen, Milstein, Hausfeld & Toll, P.L.L.C.
Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Files Lawsuit Concerning Genentech Buyout
August 16th, 2008
Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has filed today a lawsuit in the Court of Chancery of the State of Delaware on behalf of Genentech Inc. ("Genentech" or the "Company") (NYSE:DNA) shareholders concerning the proposed buy-out (the "Proposed Buy-Out") of Genentech by its majority shareholder, Roche Holdings AG ("Roche"). The complaint alleges violations of breach of fiduciary duty, and aiding and abetting breaches of fiduciary duty with respect to Roche's Proposed Buy-Out. On July 21, 2008, Roche announced in a press release that it had offered to purchase the remaining shares of Genentech that it did not already own for $89 per share, for a total price of $43...
Source: Law & Health Weekly (2008-08-16)
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