JMP Group LLC
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JMP MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF JMP GROUP LLC IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – JMP
September 8, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of JMP Group LLC (NYSE: JMP) to Citizens Financial Group, Inc. for $7.50 per share in cash is fair to JMP shareholders.
The investigation concerns whether JMP 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 JMP shareholders; (2) determine whether Citizens is underpaying for JMP; and (3) disclose all material information necessary for JMP shareholders to adequately assess and value the merger consideration. On behalf of JMP 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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