NEW YORK--(BUSINESS WIRE)--Bull & Lifshitz, LLP today announced that it has filed on January 21, 2011, a class action lawsuit in the United States District Court Northern District of California on behalf of all current shareholders of Del Monte Corp. (NYSE: DLM) ("Del Monte" or the "Company") in connection with the proposed acquisition of Del Monte by an investor group led by funds affiliated with Kohlberg Kravis Roberts & Co. L.P., Vestar Capital Partners and Centerview Partners (collectively the "Sponsors") in a cash transaction valued at approximately $5.3 billion, including the assumption of approximately $1.3 billion in net debt. The Complaint charges Del Monte and its board of directors with, among other things, violations of the Securities Exchange Act of 1934 and Rule 14a-9. In particular, the Complaint alleges that the defendants have issued materially false and misleading statements in its proxy statements regarding the proposed transaction wherein the Sponsors intend to acquire Del Monte.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Joshua M. Lifshitz, Esq. by telephone at (212) 213-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. AT THIS TIME YOU MAY DO NOTHING AND REMAIN AN ABSENT CLASS MEMBER. YOU MAY ALSO RETAIN COUNSEL OF YOUR CHOICE.
Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.