BALA CYNWYD, PA / ACCESSWIRE / April 3, 2017 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of TRC Companies, Inc. ("TRC Companies” or the "Company") (NYSE- TRR-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to affiliates of New Mountain Partners IV, L.P., an investment fund managed by New Mountain Capital, LLC.
Click hear to learn more: http://www.brodskysmith.com/cases/trc-companies-inc-nyse-trr/, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, TRC Companies common shareholders will receive only $17.55 in cash for each share of TRC Companies stock they own. The investigation concerns whether the Board of TRC Companies breached their fiduciary duties to shareholders by failing to protect against potential conflicts of interest, and by agreeing to a transaction that may undervalue the Company. For example, following the consummation of the proposed acquisition, TRC Companies will continue to be led by the Company's current Chief Executive Officer and members of senior management.
If you own shares of TRC Companies stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/trc-companies-inc-nyse-trr/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC