J. Alexander’s Holdings, Inc.
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J. ALEXANDER’S MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF J. ALEXANDER’S HOLDINGS, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – JAX
July 2, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of J. Alexander’s Holdings, Inc. (NYSE: JAX) to SPB Hospitality LLC for $14.00 in cash per share is fair to J. Alexander’s shareholders.
The investigation concerns whether J. Alexander’s 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 J. Alexander’s shareholders; (2) determine whether SPB Hospitality is underpaying for J. Alexander’s; and (3) disclose all material information necessary for J. Alexander’s shareholders to adequately assess and value the merger consideration. On behalf of J. Alexander’s shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
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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