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Baldor Electric Company Investors File Lawsuit Against Directors

  • If you are a current investor in Baldor Electric Company (NYSE:BEZ) and purchased your BEZ shares prior to the announcement, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

At least two investors filed lawsuits for investors of Baldor Electric Company (NYSE:BEZ) in State Court against Baldor Electric directors over alleged breaches of fiduciary duties arising out of their attempt to sell Baldor Electric too cheaply to Swizterland-based ABB. According to the complaint the plaintiff to stop the proposed takeover of Baldor Electric Co by ABB under the curr...



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