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Nordstrom Private Merger Shareholder Takeover

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Securities
pending

Law Firm: Hagens Berman

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About this case

Hagens Berman’s investor protection litigation team has filed a class-action shareholder suit against Nordstrom (NYSE: JWN) and other defendants, alleging an improper going-private merger driven by Nordstrom insiders. The complaint asserts insiders proposed the merger and pursued an inadequate price after agreeing among themselves to oppose alternative transactions before presenting the deal to Nordstrom’s board, in violation of the Anti-Takeover Statute of Washington’s Business Corporations Act. The complaint characterizes the merger as substantively and procedurally unfair to Nordstrom’s public stockholders.

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Nordstrom Private Merger Shareholder Takeover | ClassAct