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QUMU STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF QUMU CORPORATION IS FAIR TO SHAREHOLDERS
December 19, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Qumu Corporation (NASDAQ: QUMU) to Enghouse Systems Ltd. for $0.90 per share in cash is fair to Qumu shareholders.
The investigation concerns whether Qumu 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 Qumu shareholders; (2) determine whether Enghouse is underpaying for Qumu; and (3) disclose all material information necessary for Qumu shareholders to adequately assess and value the merger consideration. On behalf of Qumu 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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