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POSH STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF POSHMARK, INC. IS FAIR TO SHAREHOLDERS
October 4, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Poshmark, Inc. (NASDAQ: POSH) to Naver Corp. for $17.90 per share in cash is fair to Poshmark shareholders.
The investigation concerns whether Poshmark 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 Poshmark shareholders; (2) determine whether Naver is underpaying for Poshmark; and (3) disclose all material information necessary for Poshmark shareholders to adequately assess and value the merger consideration. On behalf of Poshmark shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC 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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