STEVENSON, Md., Oct. 2, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Delaware Court of Chancery on behalf of all common stockholders of Dresser-Rand Group, Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC ) seeking to challenge the Company's recently announced merger.
The complaint arises out of the September 21, 2014 announcement that Dresser-Rand had entered into a definitive merger agreement with Siemens AG, pursuant to which Dresser-Rand shareholders will receive $83.00 in cash for each share of Dresser-Rand stock owned. The claims asserted in the lawsuit concern whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of Dresser-Rand shareholders.
If you currently own common stock of Dresser-Rand and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html . You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616
