TCF Financial Corporation
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TCF MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF TCF FINANCIAL CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – TCF
December 14, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of TCF Financial Corporation (NASDAQ: TCF) and Huntington Bancshares Incorporated is fair to TCF shareholders. Under the terms of the merger agreement, TCF will merge into Huntington, and the combined holding company and bank will operate under the Huntington name and brand following the closing of the transaction.
The investigation concerns whether TCF 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 TCF shareholders; and (2) disclose all material information necessary for TCF shareholders to adequately assess and value the merger. On behalf of TCF 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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