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RLH MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF RLH CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – RLH
December 31, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of RLH Corporation (NYSE: RLH) to Sonesta International Hotels Corporation for $3.50 per share in cash is fair to RLH shareholders.
The investigation concerns whether RLH and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for RLH shareholders; (2) determine whether Sonesta is underpaying for RLH; and (3) disclose all material information necessary for RLH shareholders to adequately assess and value the merger consideration. On behalf of RLH 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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