El Paso Electric Company
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EL PASO MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF EL PASO ELECTRIC COMPANY IS FAIR TO SHAREHOLDERS – EE
June 3, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of El Paso Electric Company (“El Paso” or the “Company”) (NYSE: EE) to the Infrastructure Investments Fund, an investment vehicle advised by J.P. Morgan Investment Management Inc. (“IIF”), is fair to El Paso shareholders.
The El Paso merger investigation concerns whether El Paso and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for El Paso shareholders; (2) determine whether IIF is underpaying for El Paso; and (3) disclose all material information necessary for El Paso shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP 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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