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IBERIABANK MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF IBERIABANK CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – IBKC
November 4, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of IBERIABANK Corporation (NASDAQ: IBKC) to First Horizon National Corp. (“First Horizon”) for 4.584 shares of First Horizon for each IBERIABANK share is fair to IBERIABANK shareholders. On behalf of IBERIABANK shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The IBERIABANK merger investigation concerns whether IBERIABANK 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 IBERIABANK shareholders; (2) determine whether First Horizon is underpaying for IBERIABANK; and (3) disclose all material information necessary for IBERIABANK 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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