LegacyTexas Financial Group, Inc.
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LEGACYTEXAS MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF LEGACYTEXAS FINANCIAL GROUP, INC. IS FAIR TO SHAREHOLDERS – LTXB
June 17, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of LegacyTexas Financial Group, Inc. (“LegacyTexas” or the “Company”) (NASDAQ: LTXB) to Prosperity Bank (“Prosperity”) is fair to LegacyTexas shareholders. On behalf of LegacyTexas shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
On March 6, 2019, Stephens set a target price for LegacyTexas at $45.00 per share. The LegacyTexas merger investigation concerns whether LegacyTexas 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 LegacyTexas shareholders; (2) determine whether Prosperity is underpaying for LegacyTexas; and (3) disclose all material information necessary for LegacyTexas 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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