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PRIMEDIA Inc. Investor Files Lawsuit To Stop Takeover

  • If you purchased shares of PRIMEDIA Inc. (NYSE:PRM) and currently continue to hold those NYSE:PRM shares,, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

An investor in shares of PRIMEDIA Inc. (NYSE:PRM) filed a lawsuit in State Court against directors of PRIMEDIA Inc. in effort to stop the takeover of PRIMEDIA under the current conditions by affiliates of TPG Capital. According to the complaint the plaintiff alleges that the board of directors breached their fiduciary duties arising out of their attempt to sell PRIMEDIA Inc too chea...



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