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LOTZ STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF CARLOTZ, INC. IS FAIR TO SHAREHOLDERS
August 9, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of CarLotz, Inc. (NASDAQ: LOTZ) to Shift Technologies, Inc. for 0.692158 shares of Shift common stock for each share of CarLotz common stock is fair to CarLotz shareholders.
The investigation concerns whether CarLotz and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for CarLotz shareholders; (2) determine whether Shift is underpaying for CarLotz; and (3) disclose all material information necessary for CarLotz shareholders to adequately assess and value the merger consideration. On behalf of CarLotz shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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