date:May 10, 2012
investors at Imperial Sugar complain that the company shares were as high as $7.03 per share only last month and claim directors at Imperial have breached fiduciary duties to investors by undervaluing Imperials stock.
Law firms including Powers Taylor LLP and Harwood Feffer LLP are investigating whether shareholders have been denied adequate compensation for their shares in the buyout.
Imperial said that it expects to close the deal during the second calendar quarter of 2012.
The Texas-ba