HLSS (MM)

Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of Home Loan Servicing Solutions, Ltd. (NASDAQ: HLSS) “HLSS” breached their fiduciary duties in connection with the planned merger of the Company with New Residential Investment Corp. HLSS engages in the acquisition of mortgage servicing assets.

On February 22, 2015, HLSS and New Residential announced that they had entered into a definitive agreement. Under the terms of the transaction, New Residential will acquire all of the outstanding shares of HLSS for $18.25 per share in cash.

The investigation concerns whether the board members of HLSS failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock. One Wall Street analyst has a $21.50 price target on HLSS stock which is more than the $18.25 offer price. Earlier this year HLSS stock traded over $23.00 per share.

If you are a HLSS shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, 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.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Johnson & Weaver, LLPJim Baker, 619-814-4471jimb@johnsonandweaver.com

(MM) (NASDAQ:HLSS)
Historical Stock Chart
From May 2024 to Jun 2024

(MM) (NASDAQ:HLSS)
Historical Stock Chart
From Jun 2023 to Jun 2024