NEW YORK, June 11, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Finjan Holdings, Inc. (NASDAQ: FNJN) to affiliates of Fortress Investment Group LLC (collectively, "Fortress") for $1.55 per share in cash is fair to Finjan shareholders. On behalf of Finjan shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The investigation concerns whether Finjan and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for Finjan shareholders; (2) determine whether Fortress is underpaying for Finjan; and (3) disclose all material information necessary for Finjan shareholders to adequately assess and value the proposed transaction.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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