With the announcement that Marvel Entertainment has been agreed to be acquired by The Walt Disney Company for approximately $4 billion, two class action lawsuits have been filed in regards to the sale.

On August 31st, the Law Offices of Howard G. Smith announced that they are investigating potential claims against the board of directors of Marvel Entertainment, Inc. related to the proposed acquisition. This is customary in the closing conditions, including all necessary regulatory and stockholder approvals. In a press release, the firm made the following comments:

“The investigation concerns possible breaches of fiduciary duty and other violations of state law related to approval of the transaction by the Marvel board of directors.”

Also, Levi & Korsinsky have filed suit in the state of New York challenging the deal. In a press release, the firm made the following comments:

“The transaction values Marvel shares at approximately $50 per share, based on the $26.84 closing price of Walt Disney stock the day prior to the announcement. The complaint alleges that the consideration offered is inadequate because it is less than the intrinsic value of the Company.”