If you purchased Sotheby’s securities and would like to join the action, please click "Join This Action" below.
SOTHEBY’S MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF SOTHEBY’S IS FAIR TO SHAREHOLDERS – BID
June 17, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Sotheby’s (NYSE: BID) to BidFair USA (“BidFair”) is fair to Sotheby’s shareholders. On behalf of Sotheby’s shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The Sotheby’s merger investigation concerns whether Sotheby’s 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 Sotheby’s shareholders; (2) determine whether BidFair is underpaying for Sotheby’s; and (3) disclose all material information necessary for Sotheby’s 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.
Attorney Advertising. Prior results do not guarantee a similar outcome.