At 7:30 on Monday morning Motorola announced it was being acquired by Google. Less than four hours later, a pack of securities class-action law firms were ready to pounce on the company. So far, at least eight firms have announced that they are investigating Motorola Mobility Holdings for an alleged breach of duty by its board members for failing to shop the sale of Motorola for the best price. The law firms issued their press releases on the heels of a joint announcement by Google and Motorola Aug. 15 about the $12.5 billion deal.
Read more: Securities class-action firms pounce on Google deal — Reuters
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