Stein Mart, Inc.
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STEIN MART MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF STEIN MART, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – SMRT
February 3, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Stein Mart, Inc. (NASDAQ: SMRT) to an affiliate of Kingswood Capital Management, L.P. (“Kingswood”) is fair to Stein Mart shareholders. On behalf of Stein Mart shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The Stein Mart merger investigation concerns whether Stein Mart 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 Stein Mart shareholders; (2) determine whether Kingswood is underpaying for Stein Mart; and (3) disclose all material information necessary for Stein Mart 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.
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