Investigation commenced on behalf of investors who sold Gillette common stock (NYSE: G) at any time from November 5, 2004 through January 30, 2005 before the announcement of Gillette's merger with Procter & Gamble. The investigation involves whether Gillette and certain of its officers violated the federal securities laws by failing to disclose the proposed transaction with Procter & Gamble. Investors who sold Gillette stock during that time suffered losses because when the market learned the truth about the proposed transaction between Gillette and Procter & Gamble, Gillette's stock price increased significantly. Investors who sold stock before the deal was announced were deprived of the true value of their Gillette shares.
Last updated April 13 2006
Stay Informed
Get the latest on class action lawsuits, settlements & more! Subscribe to our free weekly newsletter.
Get our Newsletter!
Submit a New Complaint
Been wronged by a similar product or service?
Click here to send us your complaint.