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STON STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE SALE OF STONEMOR INC. IS FAIR TO SHAREHOLDERS
May 25, 2022.
New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of StoneMor Inc. (NYSE: STON) to a subsidiary of Axar Capital Management, LP for $3.50 in cash per share is fair to StoneMor shareholders.
The investigation concerns whether StoneMor 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 StoneMor shareholders; (2) determine whether Axar is underpaying for StoneMor; and (3) disclose all material information necessary for StoneMor shareholders to adequately assess and value the merger consideration. On behalf of StoneMor 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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