DALLAS, Texas – Baron & Budd, P.C. attorneys have been appointed co-lead counsel on behalf of a putative class of 7-Eleven, Inc. shareholders in Dallas County, Texas in the case of In re 7-Eleven Inc. Shareholder Litigation, No. 0508944-M, Dallas County, Texas District Court, 298th Judicial District.
The suit alleges that 7-Eleven's majority shareholder, Seven-Eleven Japan, has engaged in a plan to acquire the minority interest of the company currently controlled by shareholders for a grossly inadequate price. On September 1, 2005, Seven-Eleven Japan offered, through its subsidiary, to purchase all the shares in 7-Eleven at a price of $32.50 per share. The stock currently trades above $35 per share.
About Baron & Budd, P.C.:
Since 1977, the law firm of Baron & Budd, P.C. has championed the rights of people and communities harmed by corporate misconduct. With over 80 attorneys and offices in Texas, Illinois, Ohio, Louisiana and New York, Baron & Budd enjoys a national reputation as a leader of the plaintiffs’ bar. The firm represents individuals with mesothelioma and other diseases caused by asbestos; leukemia and lymphoma caused by benzene; and injuries caused by other toxic substances and pharmaceuticals. The firm also represents water authorities seeking clean-up costs for drinking water contamination; securities investors defrauded by corporate wrongdoing; and consumers. For more information about Baron & Budd, call 1-800-222-2766 or visit www.baronandbudd.com. For more information about Baron & Budd's securities litigation practice, please visit //baronandbudd.com/areas-of-practice/securities-fraud/.
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