SOURCE: Brower Piven, A Professional Corporation

August 18, 2011 14:18 ET

Law Firm Brower Piven Announces Class Action Lawsuit in Connection With the Possible Acquisition of Motorola Mobility Holdings, Inc., by Google Inc.

STEVENSON, MD--(Marketwire - Aug 18, 2011) - The law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Circuit Court of Cook County, Illinois County Department, Chancery division, on behalf of all shareholders of Motorola Mobility Holdings, Inc., ("Motorola") (NYSE: MMI).

The claims in the complaint are in connection with the proposed acquisition of Motorola by Google Inc. ("Google") (the "Proposed Transaction"). According to the complaint, on August 15, 2011, defendants announced that they had entered into a Definitive Merger Agreement pursuant to which Google will purchase Motorola for $12.5 billion in cash. The complaint alleges, among other things, that the offered consideration does not compensate shareholders for the Company's intrinsic value and stand-alone alternatives going forward, nor does it compensate shareholders for the Company's value as a strategic asset for Google. The complaint alleges that in pursuing the Proposed Transaction, each of the defendants has violated applicable law by directly breaching and/or aiding and abetting breaches of fiduciary duties of loyalty and due care owed to plaintiff and the proposed class.

If you are a current owner of shares of Motorola, you may obtain additional information about this lawsuit by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410/415-6701, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Contact Information

  • CONTACT:
    Charles Piven
    Brower Piven, A Professional Corporation
    Stevenson, Maryland
    410/415-6616
    Email Contact