Latest news with #Ademi&FruchterLLP
Associated Press
3 days ago
- Business
- Associated Press
Shareholder Alert: The Ademi Firm Investigates Whether Sitio Royalties Corp. Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Jun 3, 2025-- The Ademi Firm is investigating Sitio (NYSE: STR) for possible breaches of fiduciary duty and other violations of law in its transaction with Viper Energy . Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of Sitio will receive 0.4855 shares of Class A common stock of a new holding company ('pro forma Viper') for each share of Sitio Class A common stock, and 0.4855 units of Viper's operating subsidiary, Viper Energy Partners LLC, for each unit of Sitio's operating subsidiary (along with a corresponding amount of Class B common stock of pro forma Viper for each share of Sitio Class C common stock), representing an implied value to each Sitio stockholder of $19.41 per share based on the closing price of Viper common stock on June 2, 2025. Sitio insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for Sitio by imposing a significant penalty if Sitio accepts a competing bid. We are investigating the conduct of the Sitio board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes. View source version on CONTACT: Ademi & Fruchter LLP Guri Ademi Toll Free: (866) 264-3995 Fax: (414) 482-8001 KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: Ademi & Fruchter LLP Copyright Business Wire 2025. PUB: 06/03/2025 07:41 AM/DISC: 06/03/2025 07:40 AM
Business Wire
22-05-2025
- Business
- Business Wire
Ademi & Fruchter LLP Investigates Claims of Securities Fraud against Proficient Auto Logistics, Inc.
MILWAUKEE--(BUSINESS WIRE)--Ademi & Fruchter LLP is investigating possible securities fraud claims against Proficient Auto Logistics (NASDAQ: PAL). The investigation results from inaccurate statements Proficient Auto Logistics made regarding its business operations and prospects. Click here to join our investigation or to obtain additional information, or contact us at gademi@ or toll-free: 866-264-3995. There is no cost or obligation to you. The investigation focuses on Proficient Auto Logistics' October 16, 2024 update of its financial results just a few months after the completion of its IPO. Proficient Auto Logistics reported an expected decline in revenues of between 14 - 16% for its third quarter results compared to combined revenue for the third quarter of 2023. Its stock dropped more than 28% and has yet to recover. The investigation covers the period between May 2024 and October 2024. We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Associated Press
15-05-2025
- Business
- Associated Press
Shareholder Alert: The Ademi Firm investigates whether Foot Locker, Inc. is obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--May 15, 2025-- The Ademi Firm is investigating Foot Locker (NYSE: FL) for possible breaches of fiduciary duty and other violations of law in its transaction with DICK'S Sporting Goods . Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of Foot Locker will receive either (i) $24.00 in cash or (ii) 0.1168 shares of DICK'S Sporting Goods common stock for each share of Foot Locker common stock. Foot Locker insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for Foot Locker by imposing a significant penalty if Foot Locker accepts a competing bid. We are investigating the conduct of the Foot Locker board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes. View source version on CONTACT: Ademi & Fruchter LLP Guri Ademi Toll Free: (866) 264-3995 Fax: (414) 482-8001 KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: Ademi & Fruchter LLP Copyright Business Wire 2025. PUB: 05/15/2025 08:15 AM/DISC: 05/15/2025 08:16 AM
Business Wire
14-05-2025
- Business
- Business Wire
Ademi & Fruchter LLP Continues to Investigate Claims of Securities Fraud against UnitedHealth Group Incorporated
MILWAUKEE--(BUSINESS WIRE)--Ademi & Fruchter LLP is investigating possible securities fraud claims against UnitedHealth (NYSE: UNH). The investigation results from inaccurate statements UnitedHealth made regarding its business operations and prospects. Click here to join our investigation or to obtain additional information, or contact us at gademi@ or toll-free: 866-264-3995. There is no cost or obligation to you. The investigation focuses on UnitedHealth's recent revisions to its financial forecast for 2025, the resignation of CEO Andrew Witty and the suspension of full-year guidance. UnitedHealth has already admitted its recent performance has been 'unusual and unacceptable,' and analysts are calling the revisions 'really surprising' and caused by 'executional errors.' Former CEO Stephen Hemsley will replace Witty and said on a call today, 'I'm deeply disappointed and apologize for the performance setbacks we've encountered. Many of the issues standing in the way of achieving our goals as well as our opportunities are largely within our control. This includes pricing for the Medicare plans, as well as other areas.' The investigation covers the period between April 2024 and May 12, 2025. We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Associated Press
30-04-2025
- Business
- Associated Press
Shareholder Alert: The Ademi Firm Investigates Whether Regulus Therapeutics Inc. Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Apr 30, 2025-- The Ademi Firm is investigating Regulus (Nasdaq: RGLS) for possible breaches of fiduciary duty and other violations of law in its transaction with Novartis . Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of Regulus will receive only $7.00 per share in cash at closing, or $0.8 billion. In addition, Regulus shareholders will receive a contingent value right (CVR) providing for payment of $7.00 per share, contingent upon the achievement of a milestone with respect to regulatory approval of Regulus' lead product candidate, farabursen. Regulus insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for Regulus by imposing a significant penalty if Regulus accepts a competing bid. We are investigating the conduct of the Regulus board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes. View source version on CONTACT: Ademi & Fruchter LLP Guri Ademi Toll Free: (866) 264-3995 Fax: (414) 482-8001 KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: Ademi & Fruchter LLP Copyright Business Wire 2025. PUB: 04/30/2025 07:41 AM/DISC: 04/30/2025 07:41 AM
