Front Yard Residential Corporation
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FRONT YARD MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF FRONT YARD RESIDENTIAL CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – RESI
October 19, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Front Yard Residential Corporation (NYSE: RESI) to a partnership led by Pretium and funds managed by Ares Management Corporation (the “Partnership”) for $16.25 per share is fair to Front Yard shareholders.
On behalf of Front Yard shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The Front Yard merger investigation concerns whether Front Yard and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Front Yard shareholders; (2) determine whether the Partnership is underpaying for Front Yard; and (3) disclose all material information necessary for Front Yard 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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