Got A Class Action? Mentor Corporation

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Case Details for "Mentor Corporation "

Class Action filed against Mentor Corporation alleging breaches of fiduciary duty in connection with Mentor's proposed acquisition by Johnson & Johnson

A Class Action lawsuit has been filed in the United States District Court for the Central District of California on behalf of a class consisting of all persons or entities who currently hold Mentor Corporation ("Mentor" or the "Company") (NYSE:MNT) common stock. The Complaint charges certain of the Company's executive officers and directors with breaches of fiduciary duty in connection with Mentor's proposed acquisition by Johnson & Johnson by failing to maximize shareholder value. The Complaint cites an industry analyst who claims Johnson & Johnson "stole" the Company and "likely underpaid." In addition, the Complaint also charges certain Mentor executive officers and directors with self-dealing.

Posted on: 01/15/2009
Company/Organization: Mentor Corporation
Scope: Nationwide
Affected Class: All current stockholders
Type of Case: Securities

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