SAN DIEGO, Jan. 13, 2018 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of ZAIS Group Holdings, Inc.
(NASDAQ: ZAIS) breached their fiduciary duties in connection with
the proposed sale of the Company to the Z Acquisition LLC and
Christian Zugel, the Company's
Chairman and Chief Investment Officer. ZAIS is an investment
management company, focusing on investments in specialized credit
strategies.
On January 12, 2018, ZAIS
announced that it had signed a definitive merger agreement with Z
Acquisition LLC. Under the terms of the agreement, ZAIS
shareholders would only receive $4.10
in cash for each share of ZAIS common stock.
The investigation concerns whether the ZAIS board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for ZAIS shares
of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal price represents adequate consideration, especially
given that ZAIS last reported having $1.12 per share in cash and no long-term
debt.
If you are a shareholder of ZAIS and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP