Halper Sadeh LLC Probes TEGNA and Other Companies for Shareholder Rights Violations

Background

Halper Sadeh LLC, a prominent law firm specializing in investor rights, has launched an investigation into multiple companies, including TEGNA Inc., First Savings Financial Group, PB Bankshares, and Semler Scientific. This inquiry is in response to potential violations of federal securities laws and breaches of fiduciary duties owed to shareholders during recent corporate transactions.

TEGNA's Sale to Nexstar Media Group

The investigation centers on TEGNA Inc.’s decision to sell to Nexstar Media Group for a cash transaction worth $22.00 per share. Halper Sadeh LLC aims to delve deeper into whether TEGNA’s board acted in the best interests of its shareholders throughout this sale process. Shareholders of TEGNA are encouraged to learn more about their legal rights and options regarding this transaction.

First Savings Financial Group Transaction

First Savings Financial Group is also under scrutiny as it plans to transfer its assets to First Merchants Corporation, whereby shareholders would exchange their First Savings common stock for 0.85 shares of First Merchants. The investigation seeks to ensure that shareholders are receiving fair value and that their rights are not compromised in the process.

PB Bankshares and Norwood Financial

The deal involving PB Bankshares to Norwood Financial Corp. also raises questions. Shareholders are being offered a choice to receive either 0.7850 shares of Norwood’s common stock or $19.75 in cash for each PB Bankshares’ common share they own. Halper Sadeh LLC is investigating whether this option fully reflects the fair market value of the shares in an equitable manner.

Semler Scientific's Sale to Strive

Lastly, Semler Scientific, which is slated to be sold to Strive, Inc. for 21.05 Class A common shares of Strive per share of Semler, is included in the investigation. Questions arise about the fairness of this offer and whether Semler’s board of directors adequately disclosed information to shareholders prior to the transaction.

Legal Rights and Options for Shareholders

Halper Sadeh LLC emphasizes the importance of shareholder rights in these transactions, asserting that shareholders could benefit from increased consideration, additional disclosures, and information pertaining to these sales. They encourage shareholders to reach out for a complimentary consultation to discuss possible actions, including legal recourse to protect their investments.

Contact Information

Shareholders seeking assistance can contact Halper Sadeh LLC at (212) 763-0060 or via email at [email protected] or [email protected]. The firm operates on a contingent fee basis, meaning clients are not responsible for any advanced legal fees or expenses, ensuring that justice is accessible to all shareholders regardless of their financial means.

Halper Sadeh LLC stands as a guardian of shareholder rights, representing victims of securities fraud and corporate misdeeds. With a proven track record of advocating for appropriate corporate governance reforms and securing recoveries for investors, their ongoing investigations are crucial for ensuring transparency and accountability in corporate transactions.

Conclusion

As these investigations unfold, it's vital for shareholders in TEGNA, FSFG, PB Bankshares, and Semler Scientific to remain informed and proactive about their rights. Halper Sadeh LLC's commitment underscores a broader mission to safeguard the interests of investors in the fragile corporate landscape.