SAN DIEGO, Feb. 15, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Fortress Investment Group LLC (NYSE: FIG) breached their fiduciary duties in connection with the proposed sale of the Company to SoftBank Group Corp. Fortress is a publicly owned investment manager.
On February 14, 2017, Fortress announced it had signed a definitive merger agreement with SoftBank. Under terms of the agreement, each Fortress Class A shareholder will receive $8.08 per share.
The investigation concerns whether the Fortress board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Fortress shares of common stock.
If you are a shareholder of Fortress and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP