Two purported stockholder class action lawsuits have been filed against the plumbing fixtures and fittings manufacturing business challenging a proposed acquisition of Jacuzzi Brands by private equity firm Apollo Management and Apollo's portfolio company Rexnord Corp. The lawsuits were filed in the Chancery Court of the State of Delaware and allege Jacuzzi directors breached their fiduciary duties in connection with their actions agreeing to the company's proposed combination with RBS Global Inc.
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.