Investigation into TrueCar and Hillenbrand Shareholder Rights
Investigation into TrueCar and Hillenbrand Shareholder Rights
Halper Sadeh LLC, a prominent law firm specializing in investor rights, has initiated an investigation concerning TrueCar, Inc. (NASDAQ: TRUE) and Hillenbrand, Inc. (NYSE: HI) due to potential breaches of fiduciary duties and violations of federal securities laws. This investigation directly affects shareholders of both companies as they navigate significant transitions.
TrueCar's Sale Concerns
TrueCar, Inc. is in the process of being acquired by Fair Holdings, Inc., a company founded by Scott Painter, the original founder of TrueCar. This acquisition is set to offer shareholders $2.55 per share. As an investor in TrueCar, it’s crucial to understand your rights during this sale. Halper Sadeh LLC is committed to ensuring that TrueCar's shareholders receive fair treatment throughout this process.
Your Rights as a TrueCar Shareholder
If you are among the TrueCar shareholders, it's essential to assess your legal options. The firm is advocating for increased consideration, additional information related to this acquisition, and other forms of relief for shareholders. With their contingency fee structure, there are no upfront costs for shareholders seeking to understand their rights and options.
Hillenbrand's Acquisition Investigation
Separately, Halper Sadeh LLC is also investigating Hillenbrand, Inc. regarding its planned sale to an affiliate of Lone Star Funds for $32.00 per share in cash. This acquisition could significantly affect shareholders and raises questions about whether they are receiving a fair price for their shares.
Understanding Your Options as a Hillenbrand Shareholder
Hillenbrand investors are also encouraged to explore their legal positions, as the firm seeks to represent them in ensuring their rights are protected. Shareholders should consider contacting Halper Sadeh LLC for a discussion about their rights and options related to this acquisition.
About Halper Sadeh LLC
With a long history of representing investors globally, Halper Sadeh LLC has built a reputation for successfully advocating on behalf of investors who have suffered from corporate misconduct and securities fraud. Their dedicated attorneys have played crucial roles in promoting corporate reforms and helping clients recover significant losses.
Shareholders of TrueCar and Hillenbrand are strongly advised to reach out to the firm at no cost to discuss their legal rights and options regarding these acquisitions. The team, led by Daniel Sadeh and Zachary Halper, welcomes inquiries and is prepared to assist those seeking clarity about their situations.
Frequently Asked Questions
What is Halper Sadeh LLC investigating regarding TrueCar?
Halper Sadeh LLC is investigating TrueCar's planned sale to Fair Holdings, Inc. for $2.55 per share, focusing on potential violations of federal securities laws.
What are the potential outcomes for TrueCar shareholders?
Shareholders may seek increased compensation, additional disclosures about the sale, and relief options through legal representation.
What is Hillenbrand's acquisition about?
Hillenbrand, Inc. is set to be sold to an affiliate of Lone Star Funds for $32.00 per share in cash, which is also under investigation for shareholder rights protection.
How can shareholders contact Halper Sadeh LLC?
Shareholders can contact Halper Sadeh LLC at (212) 763-0060 to discuss their legal rights regarding these acquisitions.
Why is it important for shareholders to know their rights?
Knowing their rights helps shareholders ensure they receive fair treatment and compensation during corporate transactions like sales or mergers.
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