On June 27, 2013, we commenced a class action lawsuit on behalf of the public stockholders of Dole Food Company, Inc. (“Dole”) against Dole and its Board of Directors (the “Board”) for breach of fiduciary duties that the Board owes to Dole’s stockholders in connection with the proposed acquisition of the outstanding shares of Dole common stock for $12.00 per share in cash by the Company’s largest shareholder, and Chairman and Chief Executive Officer, David H. Murdock (the “Proposed Transaction”). Plaintiffs seek to enjoin the Proposed Transaction or, alternatively, to rescind the Proposed Transaction in the event defendants are able to consummate it.
To learn more about this litigation, and download a copy of the complaint, click here.