Goldfarb Branham Law Firm LLP Pursuing Shareholder Claims Against Prospect Medical Holdings, Inc.
30 Août 2010 - 6:03PM
Business Wire
Goldfarb Branham LLP is pursuing shareholder claims against the
board of Prospect Medical Holdings (NASDAQ: PZZ) in connection with
the proposed buyout. The acquisition will cash out investors for
$8.50 per share. If you are a Prospect shareholder, you are
encouraged to contact the firm at 877-583-2855 or
hlindley@goldfarbbranham.com to learn about your rights.
“Company insiders own nearly 50% of Prospect’s shares and have
entered into an agreement to vote all their shares in favor of the
transaction and agreed to exchange almost 6.2 million of their
shares for equity interests in the acquiring company,” said
securities lawyer Hamilton Lindley. “Additionally, because at least
one analyst has set a price target of $16.20 per share, this deal
could be unfair to shareholders. Our proposed class action lawsuit
seeks better value for the company as well as more information
about this transaction disclosed to shareholders.”
Goldfarb Branham LLP lawyers have significant experience
representing shareholders in unfair buyouts nationwide. The
national securities firm provides nimble, creative and effective
counsel at all stages of litigation. If you have information or
concerns about this transaction, contact attorney Hamilton Lindley
at the contact numbers listed below.
Prospect Medical Hldgs (MM) (NASDAQ:PZZ)
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