Investor Rights Firm Investigates Key Corporate Transactions

Halper Sadeh LLC Investigates Corporate Transactions
Halper Sadeh LLC, a law firm dedicated to investor rights, has initiated investigations into several companies amid concerns over potential violations of federal securities laws. This news is especially crucial for shareholders of Berry Corporation, scPharmaceuticals Inc., and Workhorse Group Inc., as these companies undergo significant corporate changes.
Berry Corporation Under Review
One of the primary focuses of the investigation is Berry Corporation (NASDAQ: BRY). The company has agreed to a sale to California Resources Corporation. Shareholders of Berry will receive 0.0718 shares of California Resources common stock for each share they hold. This arrangement has prompted questions regarding whether shareholders are receiving fair value for their investments. Those affected by this transaction should evaluate their legal options.
scPharmaceuticals Inc. Transaction Insights
Another company under scrutiny is scPharmaceuticals Inc. (NASDAQ: SCPH). The proposed sale to MannKind Corporation raises critical questions for shareholders. The agreement indicates that scPharmaceuticals shareholders are set to receive a cash payment of $5.35 per share, and they will also obtain one non-tradable contingent value right (CVR) per share. This might yield up to $1.00 in additional cash dependent on meeting certain regulatory and financial milestones. Such complex arrangements necessitate a careful examination of the shareholders' rights and potential compensation.
Workhorse Group Inc.'s Merger Plans
Workhorse Group Inc. (NASDAQ: WKHS) is also in the spotlight due to its merger with Motiv Electric Trucks. This transaction is expected to result in Workhorse shareholders owning about 26.5% of the newly formed company. The implications of this merger call for an extensive analysis to ensure that shareholders' interests are safeguarded throughout the transition.
Next Steps for Affected Shareholders
Halper Sadeh LLC aims to advocate for shareholders by exploring avenues such as obtaining increased financial compensation, demand for more transparency regarding these corporate actions, and ensuring that shareholders are aware of their rights. It’s important to note that the firm operates on a contingency fee basis, meaning no upfront costs for clients.
Contact Halper Sadeh LLC for Support
Shareholders interested in understanding their legal rights during these investigations can reach out to Halper Sadeh LLC for a free consultation. Prospective clients can connect with Daniel Sadeh or Zachary Halper by calling (212) 763-0060. For further inquiries, the firm provides avenues to email for assistance.
Halper Sadeh LLC has a proven track record of representing investors globally, tackling issues of securities fraud and corporate misconduct efficiently. Their team of experienced attorneys has played a pivotal role in driving corporate reforms and recovering substantial amounts for investors who have suffered financial losses.
Frequently Asked Questions
What companies is Halper Sadeh LLC investigating?
Halper Sadeh LLC is investigating Berry Corporation, scPharmaceuticals Inc., and Workhorse Group Inc. for potential securities violations.
What should shareholders do if they are affected?
Affected shareholders should contact Halper Sadeh LLC to discuss their legal options and possible next steps.
How are shareholders compensated in these transactions?
Compensation varies; for Berry Corporation, shareholders receive stock in California Resources, while scPharmaceuticals shareholders receive a cash payment and contingent rights.
Can I contact Halper Sadeh LLC for free legal advice?
Yes, Halper Sadeh LLC offers free consultations for shareholders seeking legal advice.
What is the focus of Halper Sadeh LLC?
The firm focuses on protecting investor rights, addressing securities fraud, and ensuring fair treatment during corporate transactions.
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