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VLTA STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF VOLTA INC. IS FAIR TO SHAREHOLDERS
January 18, 2023.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Volta Inc. (NYSE: VLTA) to Shell USA Inc. for $0.86 per share in cash is fair to Volta shareholders.
The investigation concerns whether Volta 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 Volta shareholders; (2) determine whether Shell is underpaying for Volta; and (3) disclose all material information necessary for Volta shareholders to adequately assess and value the merger consideration. On behalf of Volta shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC 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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