NEW YORK, Dec. 23, 2010 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP ( www.pomerantzlaw.com ) ("Pomerantz") has filed a shareholder class action lawsuit in the United States District Court, Eastern District of Wisconsin, against Marshall & Ilsley Corporation ("M&I" or the "Company") (NYSE:MI), certain officers and/or directors of the Company, and Bank of Montreal Financial Group ("BMO"). The Complaint alleges that Defendants breached their fiduciary duty and/or aided and abetted such breaches of fiduciary duty by undertaking an unfair process in connection with their agreement to enter into a merger transaction whereby the Company will be acquired by BMO for an unfair price in a proposed stock-for-stock transaction. Under the terms of the definitive agreement, each outstanding share of M&I will be exchanged for 0.1257 shares of BMO upon closing. Based on the closing share price of BMO on the Toronto Stock Exchange of CAD$62.05 on December 16, 2010, the transaction values each share of M&I at USD$7.75.
A copy of the complaint can be obtained at . If you are a shareholder who owns M&I securities and wish to obtain additional information, please contact Rachelle R. Boyle at rrboyle@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
The Pomerantz Firm, with offices in New York, Chicago and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See .
CONTACT: Pomerantz Haudek Grossman & Gross LLP Rachelle R. Boyle 888-476-6529 (ext. 237) rrboyle@pomlaw.com