Halper Sadeh LLC Launches Investigations into Multiple Companies for Shareholder Rights Violations
Halper Sadeh LLC, a law firm specializing in investor rights, has recently initiated investigations into several public companies, specifically focusing on Manitex International, CrossFirst Bankshares, Arch Resources, and Cyclo Therapeutics. The firm aims to determine if these companies have potentially breached federal securities laws or failed in their fiduciary duties to their respective shareholders.
Investigation Details
The investigations center on the following transactions:
1. Manitex International, Inc. (NASDAQ MNTX): The firm is examining the sale of Manitex to Tadano Ltd. for $5.80 per share. This transaction raises questions about whether shareholders are receiving fair value for their investments.
2. CrossFirst Bankshares, Inc. (NASDAQ CFB): Investigations also encompass CrossFirst's proposed acquisition by First Busey Corporation, offering 0.6675 shares of Busey common stock for each share of CrossFirst. This arrangement, upon completion, suggests that CrossFirst shareholders would hold around 36.5% of the newly combined entity, prompting considerations of shareholder consent and valuation fairness.
3. Arch Resources, Inc. (NYSE ARCH): The merger with CONSOL Energy Inc., which involves exchanging 1.326 shares of CONSOL for each share of Arch, is also under scrutiny. Following this deal, Arch shareholders are expected to hold approximately 45% of the new company, indicating the need for thorough due diligence regarding the terms of this exchange.
4. Cyclo Therapeutics, Inc. (NASDAQ CYTH): The upcoming merger with Rafael Holdings Inc. is being evaluated, providing an opportunity for shareholders to understand their rights and potential entitlements under the merger agreement.
Legal Rights and Actions
Halper Sadeh LLC is committed to advocating for shareholders' rights throughout these investigations. The firm is actively seeking increased compensation and enhanced disclosures regarding the aforementioned transactions. Shareholders are encouraged to reach out for a free consultation to discuss their legal rights and options. The law firm operates on a contingent fee basis, meaning shareholders won't have to pay out-of-pocket costs for legal fees unless successful outcomes are achieved.
Each case represents an opportunity for shareholders to ensure they are justly compensated and to demand accountability from corporate leadership. This aligns with Halper Sadeh LLC’s mission to protect investors who may be adversely affected by inadequate corporate governance and fiduciary practices.
Conclusion
For shareholders of Manitex, CrossFirst, Arch, and Cyclo, it is crucial to remain informed and proactive regarding their rights. With legal expertise from Halper Sadeh LLC, these investigations could yield significant outcomes for stakeholders aiming to protect their investments and assert their rights. Shareholders are invited to connect with Daniel Sadeh or Zachary Halper for a detailed discussion on this matter to understand how they may benefit from these investigative actions.