Halper Sadeh LLC Investigates Companies for Shareholder Rights Violations
Halper Sadeh LLC's Shareholder Investigations
In a significant move for investor rights, Halper Sadeh LLC, a law firm specializing in protecting shareholders, has announced a comprehensive investigation into three companies: AZEK Company Inc. (NYSE: AZEK), Bridge Investment Group Holdings Inc. (NYSE: BRDG), and Paragon 28, Inc. (NYSE: FNA). The investigations are focused on possible violations of federal securities laws and fiduciary duties owed to shareholders amid ongoing transaction processes.
AZEK Company Inc.
The inquiry into AZEK is centered around its proposed sale to James Hardie Industries plc. According to the terms of the sale, shareholders of AZEK are set to receive $26.45 in cash along with 1.0340 shares of James Hardie for each AZEK share. This transaction would mean that AZEK shareholders would have approximately 26% ownership in the combined entity post-sale.
Halper Sadeh LLC aims to ensure that AZEK shareholders have been treated fairly in this transaction and are receiving appropriate value for their shares. Investors can learn more about their rights and options through the firm’s dedicated channels.
Bridge Investment Group Holdings Inc.
Similar scrutiny is placed on Bridge Investment Group, which is looking to sell to Apollo. Under the agreement, figures indicate that Bridge shareholders will receive 0.07081 shares of Apollo stock corresponding to every share of Bridge Class A common stock they hold, alongside equivalent units from Bridge OpCo.
Halper Sadeh LLC seeks to explore whether Bridge has truly upheld its obligations to its shareholders throughout this process and what additional disclosures might be warranted for a transparent transaction.
Paragon 28, Inc.
The case does not end there, as Paragon 28's planned sale to Zimmer Biomet Holdings, Inc. presents its own set of complexities. The offer entails Paragon shareholders receiving $13.00 per share in cash. Notably, shareholders also have potential access to a non-tradeable contingent value right, which may yield up to an additional $1.00 per share contingent upon certain revenue goals.
This structure raises questions on various fronts regarding the fairness of the compensation offered and whether it aligns with shareholder interests, prompting Halper Sadeh LLC's investigation to ensure that the rights of these stakeholders are adequately represented.
Seeking Justice for Shareholders
Halper Sadeh LLC is advocating on behalf of shareholders of these companies, potentially pursuing increased compensation, further necessary disclosures, or other benefits they may be entitled to as part of these transactions. Importantly, they are offering their services based on a contingent fee agreement, implying that shareholders will not face out-of-pocket costs for legal fees unless there is a successful recovery.
In this meaningful initiative, the firm invites affected shareholders to reach out, with legal representatives Daniel Sadeh and Zachary Halper available for consultations regarding their rights and actions available to them. Shareholders can contact them at (212) 763-0060 or through the firm's email options for more detailed discussions about their specific cases.
Conclusion
As investigations unfold, the actions of Halper Sadeh LLC reflect a growing trend towards the protection of shareholder rights amidst complex corporate transactions. The outcomes may not only significantly impact the affected shareholders but also set precedents for future dealings in the marketplace, reinforcing the importance of corporate governance and transparency.