SHAREHOLDER ALERT: WeissLaw LLP Investigates Leaf Group Ltd.
Apr 10, 2021 11:31 AM ET
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WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Leaf Group Ltd. in connection with the proposed acquisition of the Company by Graham Holdings Company. Under the terms of the merger agreement, LEAF shareholders will receive $8.50 in cash for each share of LEAF common stock that they hold. The transaction is valued at approximately $323 million.
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether LEAF's board acted in the best interest of LEAF's public shareholders in agreeing to the proposed transaction, whether the $8.50 merger consideration represents full and fair value for LEAF shares, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to LEAF's public shareholders. Notably, at least one analyst has set a price target for the Company as high as $9.50 per share, $1 more than the proposed merger consideration.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
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