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Rating:More Lawyers Jump on the Artio Bandwagon Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 15, 2013

More Lawyers Jump on the Artio Bandwagon

Reported by Tommy Fernandez

The lawyers, they keep a-comin'.

Yesterday, news broke that Scots asset manager Aberdeen is buying Artio.

Soon after, two law firms announced they are going to investigate the deal for any possible "breaches of fiduciary duty" -- i.e. whether the Artio board caused investors any harm by not shopping the company out to more bidders, etc.

Now, three more law firms are leaping into the breach, so to speak.

Former SEC attorney William Briscoe and the securities litigation firm Powers Taylor, are on the case.

Newman Ferrara is throwing its hat in the ring as well.

Finally, Brodsky & Smith is joining the crusade as well.

As of 12:45 P.M. Friday, February 15, an additional four firms have joined in the act.

They include the Law Offices of Howard G. Smith, the law firm of Rigrodsky & Long, the law firm of Faruqi & Faruqi, and the law firm of Brower Piven.

For those keeping score, that translates into a total of nine law firms since February 14th. 

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