SHAREHOLDER INVESTIGATION UPDATE: Brodsky & Smith, LLC Reminds Investors of Investigations Related to the Following Companies: ETFC, GCAP, RESI
BALA CYNWYD, PA / ACCESSWIRE / March 2, 2020 / Brodsky & Smith, LLC reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other violations of federal and state law with respect to proposed acquisition transactions.If you own shares of any of the below-referenced stocks and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or calling toll free 877-534-2590. There is no cost or financial obligation to you.
E*TRADE Financial Corporation (ETFC)
Under the terms of the agreement, E*TRADE shareholders will receive only 1.0432 shares of Morgan Stanley for each share of E*TRADE stock that they own, implying a deal price of $58.74. The investigation concerns whether the E*TRADE Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Dialog is underpaying for the Company. For example, at least one financial analyst following the Company has set a price target of $62.00 for E*TRADE shares.
Additional information can be found at http://www.brodskysmith.com/cases/etrade-financial-corporation-nasdaqgs-etfc/, or call 877-534-2590. No cost or obligation to you.
GAIN Capital Holdings, Inc. (GCAP)
Under the terms of the agreement, GAIN shareholders will receive only $6.00 for each share of GAIN stock that they own. The investigation concerns whether the GAIN Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether INTL is underpaying for the Company. For example, the deal price is significantly lower than the 52-week high of $7.40 for the Company's shares.
Additional information can be found at http://www.brodskysmith.com/cases/gain-capital-holdings-inc-nyse-gcap/, or call 877-534-2590. No cost or obligation to you.
Front Yard Residential Corporation (RESI)
Under the terms of the agreement, Front Yard shareholders will receive only $12.50 for each share of Front Yard stock that they own. The investigation concerns whether the Front Yard Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Amherst Residential is underpaying for the Company. For example, the deal price is well below the 52-week high of $13.28 for the Company's shares and the stock was trading over the deal price as recently as late December 2019. Additionally, the twelve-month average analyst price target for Front Yard is $15.00.
Additional information can be found at http://www.brodskysmith.com/cases/front-yard-residential-corporation-nyse-resi/, or call 877-534-2590. No cost or obligation to you.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
View source version on accesswire.com:
https://www.accesswire.com/578650/SHAREHOLDER-INVESTIGATION-UPDATE-Brodsky-Smith-LLC-Reminds-Investors-of-Investigations-Related-to-the-Following-Companies-ETFC-GCAP-RESI
