Nalco Compensation Related Class Action Defense

Our Commercial Litigation lawyers in Chicago represented water treatment company Nalco Company and its directors in multiple class actions challenging the compensation to be paid to Nalco shareholders upon acquisition of the company by Ecolab. Plaintiffs challenged the judgment of Nalco's Board of Directors related to the proposed $5.4 billion merger, alleging that the purchase price was too low and undervalued Nalco’s shares and alleging that Nalco’s directors breached fiduciary duties by agreeing to the purchase price. The case was settled for the amended disclosures and no damages.
Posted on January 1, 2012