PHILADELPHIA, May 13, 2020 /PRNewswire/ --Kaskela Law LLC
announces that it is investigating Asta Funding, Inc. ("Asta")
(NASDAQ: ASFI) on behalf of the company's stockholders.
On April 8, 2020, Asta announced
that it had entered into a "going private" transaction, through
which all outstanding shares of the company's common stock will be
purchased from stockholders at $11.47
per share in cash. Following this proposed transaction,
Asta's shares will no longer be publicly traded.
The investigation seeks to determine (i) whether $11.47 per share undervalues Asta's common stock,
(ii) whether the proposed transaction as structured is fair to
Asta's stockholders, and (iii) whether Asta and/or the company's
executive officers and directors violated the securities laws in
connection with the proposed transaction.
Asta stockholders are encouraged to contact Kaskela Law LLC (D.
Seamus Kaskela, Esq.) at (484) 258 –
1585, or by email at skaskela@kaskelalaw.com, to discuss this
investigation and their legal rights and options with respect to
this matter. Additional information may also be found at
http://kaskelalaw.com/case/asta-funding-inc/.
Kaskela Law LLC represents shareholders in state and federal
actions throughout the country. For additional information
about Kaskela Law LLC please visit www.kaskelalaw.com. This
notice may constitute attorney advertising in certain
jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com
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SOURCE Kaskela Law LLC