Law Firm Brower Piven Announces Investigation of Lufkin Industries, Inc. Proposed Buyout

STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Lufkin Industries, Inc. (“Lufkin” or the “Company”) (Nasdaq: LUFK) and other violations of state law by the board of directors of Lufkin relating to the proposed buyout of the Company by General Electric Company. The firm’s investigation seeks to determine, among other things, whether Lufkin’s board of directors breached their fiduciary duties by failing to maximize shareholder value.