According to a press release a law firm is currently investigating on behalf current investors of Mentor Corporation (NYSE:MNT) potential breaches of fiduciary duty by the board of directors of Mentor Corp. over proposed acquisition by Johnson & Johnson (NYSE:JNJ).

According to the press release the investigation focuses on possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Mentor Corp. (NYSE:MNT) arising out of their attempt to sell the Mentor Corp to Johnson & Johnson (NYSE:JNJ). Under the terms of the agreement, Mentor Corp. shareholders will receive $31 for each share of Mentor Corp. stock they own for a total deal value of approximately $1.12 billion. According to the investigation the price is unfair given that Mentor Corp.s stock(NYSE:MNT) traded as high as $31.44 as recently as June 17, 2008 and traded over $40 per share in January 2008.