Halper Sadeh LLC Launches Investigation into MGRM, WAT, and SONN for Shareholder Rights
HALPER SADEH LLC'S SHAREHOLDER INVESTIGATION
Halper Sadeh LLC, a prominent law firm focusing on investor rights, has initiated an inquiry involving several companies, specifically, Monogram Technologies Inc. (NASDAQ: MGRM), Waters Corporation (NYSE: WAT), and Sonnet BioTherapeutics, Inc. (NASDAQ: SONN). The firm is looking into whether these companies may have engaged in potential violations of federal securities laws or failed to uphold fiduciary responsibilities towards their shareholders, particularly concerning significant transactions that could affect their stocks.
Monogram Technologies Inc.
The investigation stems from the proposed sale of Monogram Technologies to Zimmer Biomet Holdings, Inc. As per the transaction's terms, shareholders of Monogram are set to receive an upfront payment of $4.04 per share in cash, alongside a conditional value right that could potentially offer up to an additional $12.37 per share, contingent upon the achievement of key product development, regulatory, and revenue milestones set to occur through 2030. Shareholders of Monogram are urged to explore their legal rights and options in light of these developments.
Waters Corporation Merger
In a similar vein, Waters Corporation is experiencing scrutiny related to its proposed merger with BD and Company’s Biosciences Diagnostic Solutions segment. Following the merger's completion, it is anticipated that Waters shareholders will command approximately 60.8% ownership of the newly combined entity. This significant change in corporate structure raises concerns regarding the transparency of the deal and the implications for current shareholders. Holders of Waters shares are encouraged to contact Halper Sadeh LLC to understand their rights and possible actions.
Sonnet BioTherapeutics Transition
Additionally, Halper Sadeh LLC is assessing Sonnet BioTherapeutics Inc.'s impending merger with Rorschach I LLC. Upon concluding this merger, current shareholders of Sonnet are expected to retain only about 1% ownership of the merged company. This considerable dilution warrants shareholder engagement and legal examination, and affected individuals are encouraged to reach out for guidance.
Setting the Standard for Shareholder Advocacy
Halper Sadeh LLC aims to ensure that shareholders receive fair treatment during these transformative corporate actions. They are prepared to seek enhanced consideration for shareholders, more comprehensive disclosures, and other remedies that may benefit investors as they navigate through these corporate changes. The firm operates on a contingency fee basis, meaning shareholders will not have to bear out-of-pocket legal expenses.
The firm extends a welcoming invitation for shareholders to get in touch, free of charge, to discuss their legal rights and the available options they can pursue following these announcements. Those interested can easily reach out to Daniel Sadeh or Zachary Halper at (212) 763-0060 or via email at [email protected].
Halper Sadeh LLC is dedicated to representing investors globally who have suffered from securities fraud and corporate wrongdoing. The firm’s attorneys have played pivotal roles in advocating for corporate reforms and successfully recovering substantial funds for defrauded investors.
Attorney Advertising: Past results do not guarantee similar outcomes. Interested individuals should reach out promptly to ensure informed decisions are made regarding these critical matters involving shareholder rights.