Block & Leviton LLP Investigates Thomas & Betts Corporation's Board of Directors for Possible Breaches of Fiduciary Duty

BOSTON, Jan. 30, 2012 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duties by the Board of Directors of Thomas & Betts Corporation ("Thomas & Betts" or the "Company") (Ticker: TNB) with regards to the proposed acquisition of the Company by the Swiss company, ABB.  The transaction is for $72.00 per share, or a paltry 24% premium over the Company's latest closing price. 

Block & Leviton's investigation seeks to determine, among other things, whether Thomas & Betts' Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction.  Thomas & Betts' share price had traded as high as $61.88 in the prior 52-week period and has been steadily rising over the last several months. 

If you are a Thomas & Betts shareholder and have questions about your legal rights, please contact Mark Alan Delaney at Block & Leviton at (617) 398-5650 or email him at [email protected].

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.

This notice may constitute attorney advertising.

SOURCE Block & Leviton LLP

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED