TGR Financial, Inc.
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TGR FINANCIAL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF TGR FINANCIAL, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – TGRF
June 3, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of TGR Financial, Inc. (OTCQX: TGRF) to First Foundation Inc. fair to TGR Financial shareholders. Under the terms of the definitive agreement, each TGR Financial shareholder will receive 0.6068 of a share of First Foundation common stock for each share of TGR Financial common stock or TGR Financial Series A non-voting convertible preferred stock. In total, TGR Financial shareholders will own approximately 20.2% of the outstanding shares of First Foundation’s common stock immediately following the consummation of the transaction.
The investigation concerns whether TGR Financial 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 TGR Financial shareholders; (2) determine whether First Foundation is underpaying for TGR Financial; and (3) disclose all material information necessary for TGR Financial shareholders to adequately assess and value the merger consideration. On behalf of TGR Financial 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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