Shareholders claim the $2.2 billion buyout price is insufficient and alleges company directors breached their fiduciary duties by agreeing to the figure. The suit also claims Bain Capital and Huawei aided and abetted the alleged breaches.
Shareholders have filed a class action lawsuit to prevent a $2.2 billion buyout by private equity firm Bain Capital Partners and China's Huawei Technologies. 3Com Corp., the Marlborough network equipment maker, disclosed several purported class action lawsuits have been filed since Sept. 28, 2007 by 3Com shareholders against the company, its directors, a former director, and Bain Capital Partners.
Shareholders claim the $2.2 billion buyout price is insufficient and alleges company directors breached their fiduciary duties by agreeing to the figure. The suit also claims Bain Capital and Huawei aided and abetted the alleged breaches.
Shareholders claim the $2.2 billion buyout price is insufficient and alleges company directors breached their fiduciary duties by agreeing to the figure. The suit also claims Bain Capital and Huawei aided and abetted the alleged breaches.
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