News / Shareholder class action a threat to DB Schenker takeover of USA Truck?

DB Schenker’s plans to expand its North American trucking business could hit the buffers after a number of US-based law firms called on shareholders of takeover target USA Truck to consider launching a class action on whether the price tag undervalues the sale.

“Former attorney general of Louisiana Charles Foti and the law firm Kahn Swick & Foti (KSF) are investigating the proposed sale of USA Truck to DB Schenker. Under the terms of the proposed transaction, shareholders of USA Truck ...