New York Metro Superlawyer Lynda J. Grant Files Class Action Suit Against TD Ameritrade
April 20 2020 - 12:45PM
Business Wire
Lynda J. Grant, an attorney with over 35 years of experience
representing wronged shareholders and consumers and a New York
Metro Superlawyer, announces that TheGrantLawFirm and the New York
law firm, Stull Stull & Brody, have filed an action in the
United States District Court for the District of New Jersey on
behalf of holders of TD Ameritrade Holding Corporation (“TD
Ameritrade” or the “Company”)(AMTD: NASDAQ) in connection with the
proposed acquisition of TD Ameritrade by The Charles Schwab
Corporation (“Charles Schwab”) announced on November 25, 2019. The
complaint (“Complaint”) which alleges violations of the Securities
Exchange Act of 1934 against TD Ameritrade, its Board of Directors,
and Charles Schwab, is captioned Bernstein v. TD Ameritrade
Holdings Corporation, 2:20-cv-03695 (D.N.J.).
On November 24, 2019, TD Ameritrade and Schwab entered into an
agreement and plan of merger in which shareholders of TD Ameritrade
will receive 1.0837 share of Charles Schwab for each TD Ameritrade
share that they hold (the “Proposed Transaction”). Among other
things, the Complaint alleges that in an attempt to secure
shareholder approval of the Proposed Transaction, defendants issued
a materially misleading Joint Proxy/Prospectus (the “Prospectus”),
the preliminary version of which was filed with the United States
Securities and Exchange Commission on March 10, 2020. The Complaint
alleges, among the things, that the Prospectus omits material
information about the Company’s projections, fails to reconcile
GAAP and non-GAAP measures, and fails to include projections relied
upon by the Company’s financial advisors. It also alleges that the
Prospectus fails to fully disclose the financial incentives of the
Company’s financial advisors in rendering their fairness
opinions.
If you wish to discuss this action or have any questions as to
your rights or interests, please contact Lynda J. Grant at
TheGrantLawFirm, PLLC, by telephone: 212-292-4441, or email:
lgrant@grantfirm.com.
ATTORNEY ADVERTISING
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200420005713/en/
TheGrantLawFirm, PLLC Lynda J. Grant, 212-292-4441
lgrant@grantfirm.com
TD Ameritrade (NASDAQ:AMTD)
Historical Stock Chart
From Aug 2024 to Sep 2024
TD Ameritrade (NASDAQ:AMTD)
Historical Stock Chart
From Sep 2023 to Sep 2024