Ecology and Environment Inc.

Practice Area: 
Stock Symbol: 
EEI
Case Status: 
Investigations

Ademi & O’Reilly, LLP is investigating EEI (Nasdaq: EEI) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of EEI to WSP.

Ademi & O’Reilly, LLP alleges EEI’s financial outlook is improving and yet shareholders will receive only $15.00 in cash, and a special dividend of up to $0.50, for each share of Class A and Class B common stock they own.  WSP is acquiring EEI at a substantial discount.  The merger agreement unreasonably limits competing bids for EEI by prohibiting solicitation of further bids, and imposing a termination penalty if EEI accepts a superior bid. EEI insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of EEI’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for EEI.