Alleghany, an investment company focused on property and casualty insurance, and members of its board of directors were hit with a shareholder lawsuit Friday in Pennsylvania Eastern District Court over the company’s proposed acquisition by Berkshire Hathaway. The case, brought by the Grabar Law Office on behalf of Matthew Whitfield, alleges that Alleghany’s proxy statement in favor of the proposed $11.6 billion transaction fails to provide stockholders with certain material information. Counsel have not yet appeared for the defendants. The case is 2:22-cv-01667, Whitfield v. Alleghany Corp. et al.
This suit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector. Read the complaint here:
