TriState Capital Holdings, Inc.
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TRISTATE CAPITAL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF TRISTATE CAPITAL HOLDINGS, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – TSC
October 20, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of TriState Capital Holdings, Inc. (NASDAQ: TSC) to Raymond James Financial, Inc. is fair to TriState Capital shareholders. Under the terms of the agreement, TriState Capital common stockholders will receive $6.00 in cash and 0.25 Raymond James shares for each share of TriState Capital common stock they own.
The investigation concerns whether TriState Capital 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 TriState Capital shareholders; (2) determine whether Raymond James is underpaying for TriState Capital; and (3) disclose all material information necessary for TriState Capital shareholders to adequately assess and value the merger consideration. On behalf of TriState Capital 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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