Kendall Law Group investigating Diedrich Coffee

Dallas Kendall Law Group said on Monday it began an investigation on behalf of Diedrich Coffee shareholders. The investigation concerns possible breaches of fiduciary duty by the board of directors in connection with the proposed acquisition by Peet’s Coffee & Tea.

This is a cash and stock transaction valued at approximately $213 million.

“The investigation concerns whether the consideration to be paid to shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Diedrich and whether the directors and special committee members may have breached their fiduciary duties by not acting in the shareholders’ best interests in connection with the sale process,” Joe Kendall of the firm said.