Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Wednesday, July 1, 2015
Faruqi & Faruqi Investigation: Chubb Corporation
Faruqi & Faruqi, LLP Announces the Investigation of The Chubb Corporation (CB) Over the Proposed Sale of the Company to ACE Ltd.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The Chubb Corporation (“Chubb” or the “Company”) (NYSE:CB) for potential breaches of fiduciary duties in connection with the sale of the Company to ACE Ltd. for approximately $28.3 billion. The Company’s stockholders will only receive $62.93 in cash and 0.6019 share of ACE stock for each share they own for each share of Company common stock they own.
However, the median target price set by market analysts is of $103.00 per share and is expected to continue climbing.
If you own common stock in Chubb and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F'sJuan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.