If you were charged a processing fee to exchange your old Chubb Corporation shares to receive cash and shares of Chubb Limited common stock from the Chubb merger or if you have not yet exchanged your old shares of Chubb Corporation stock, you may be entitled to recover compensation or obtain other relief from a potential class action lawsuit. Contact a class action lawyer to request a free case review.
A team of class action attorneys has launched an investigation into potential claims that certain shareholders of The Chubb Corporation were or will be charged a processing fee of $13.75 per old Chubb Corporation share to exchange their shares of old Chubb Corporation common stock in connection with the Chubb Merger.
In January 2016, The Chubb Corporation was acquired by ACE Limited (Ace, which later became known as Chubb Limited, trades on the NYSE under ticker symbol “CB”). Under the terms of the Chubb merger, The Chubb Corporation shareholders were entitled to receive $62.93 per share in cash and .06019 shares of Chubb Limited (CB) common stock.
Certain shareholders of The Chubb Corporation, however, may have been sent an “Important notice for holders of unexchanged shares of The Chubb Corporation” from Chubb Limited suggesting that a processing fee of $13.75 per old Chubb Corporation share would be deducted from the cash proceeds of their Chubb share exchange and paid to Alliance Shareholder Communications, LLC.
If you were charged a $13.75 per share processing fee to receive cash and shares of Chubb Limited (CB) stock under the Chubb merger or if you are a holder of unexchanged Chubb stock shares, you may be entitled to recover money or obtain certain other relief from a potential class action lawsuit. Contact a class action lawyer to request a free case review.*
*The listing of a company (e.g., The Chubb Corporation, Chubb Limited, ACE Limited, Alliance Shareholder Communications, etc.) is not meant to state or imply that the company acted illegally or improperly; rather only that an investigation may be, is or was being conducted to determine whether legal rights have been violated.
**The use of any trademarks, tradenames or service marks is solely for product identification and/or informational purposes.
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