Ladenburg Thalmann Finan... (AMEX:LTS)
Historical Stock Chart
1 Month : From Nov 2019 to Dec 2019
NEW YORK, Nov. 19, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Ladenburg Thalmann Financial Services Inc. ("LTS" or the "Company") (NYSE: LTS) in connection with the proposed acquisition of the Company by Advisor Group ("Advisor Group"). Under the terms of the acquisition agreement, LTS shareholders will receive $3.50 for each LTS share they own.
If you own LTS shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw is investigating whether LTS' Board acted to maximize shareholder value prior to entering into the acquisition agreement. Notably, according to the President and CEO of Advisor Group, the combined company "will have one of the most comprehensive and best-in-class platforms for financial advisors in the industry."
Moreover, prior to the acquisition announcement, on November 8 the Company announced positive financial results for the third quarter of 2019. It reported revenues of $374.5 million, representing growth of 7.4% year-over-year when compared to the figures reported in the same period of the previous year.
Given these facts, WeissLaw is concerned whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-ladenburg-thalmann-financial-services-inc-300961161.html
SOURCE WeissLaw LLP