MILWAUKEE, June 17, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Sotheby's (NYSE: BID) for
possible breaches of fiduciary duty and other violations of the law
in connection with the sale of Sothbey's to Bidfair, an entity
owned by media and telecom entrepreneur as well as art collector,
Patrick Drahi.
Click here to learn how to join the action:
http://ademilaw.com/case/sothebys or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Sotheby's financial outlook is
improving and yet Sotheby's shareholders will receive only
$57 per share. Bidfair is
acquiring Sotheby's at a substantial discount. The merger
agreement unreasonably limits competing bids for Sotheby's by
prohibiting solicitation of further bids, and imposing a
termination penalty if Sotheby's accepts a superior bid. Sotheby's
insiders will receive millions of dollars as part of change of
control arrangements. We are investigating on the conduct of
Sotheby's board of directors, and whether they are (i) fulfilling
their fiduciary duties to all shareholders, and (ii) obtaining a
fair and reasonable price for Sotheby's.
If you own common stock in Sotheby's and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/sothebys.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP