Papa Murphy’s Holdings, Inc.
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PAPA MURPHY’S (FRSH) MERGER CLASS ACTION LAWSUIT: HALPER SADEH LLP ANNOUNCES FILING OF SHAREHOLDER CLASS ACTION LAWSUIT AGAINST PAPA MURPHY’S HOLDINGS, INC. CONCERNING ITS PROPOSED MERGER WITH MTY FOOD GROUP INC. – FRSH
May 1, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against Papa Murphy’s Holdings, Inc. (“Papa Murphy’s” or the “Company”) (NASDAQ: FRSH) in connection with the proposed sale of Papa Murphy’s to MTY Food Group Inc. (“MTY”).
The lawsuit alleges that Defendants issued a materially misleading solicitation statement recommending that Papa Murphy’s shareholders tender their shares to MTY. According to the complaint, the solicitation statement contains materially incomplete and/or misleading information concerning: (1) Papa Murphy’s financial projections; (2) the financial analyses performed by Papa Murphy’s financial advisor, North Point Advisors LLC, in connection with its fairness opinion; and (3) the sales process leading up to the proposed transaction. As a result, Papa Murphy’s shareholders must be provided with this information in order to adequately assess and value the tender offer. The lawsuit seeks to enjoin the tender offer until such information is disclosed.
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.
Certification and Authorization of Plaintiff Pursuant to Federal Securities Laws