SAN DIEGO, Feb. 27, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential claims against Silver Bay Realty Trust Corp., and AmTrust Financial Services Inc., as detailed below:
Silver Bay Realty Trust Corp.
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Silver Bay Realty Trust Corp. (NYSE: SBY) breached their fiduciary duties in connection with the proposed sale of the Company to Tricon Capital Group Inc.
On February 27, 2017, Silver Bay announced it had signed a definitive merger agreement with Tricon Capital. Under the terms of the agreement, Tricon Capital will acquire all of the outstanding shares of Silver Bay common stock for $21.50 per share in cash.
The investigation concerns whether the Silver Bay 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 Silver Bay's shares of common stock.
If you are a shareholder of Silver Bay 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 lead analyst Jim Baker (email@example.com) at 619-814-4471.
AmTrust Financial Services Inc.
Shareholder rights law firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by AmTrust Financial Services Inc. (NASDAQ: AFSI) and certain of its officers.
On February 27, 2017, AmTrust revealed it would not file its 2016 annual financial statements on time. The Company disclosed it "identified material weaknesses in its internal control over financial reporting that existed as of December 31, 2016, specifically related to ineffective assessment of the risks associated with the financial reporting, and an insufficient complement of corporate accounting and corporate financial reporting resources within the organization."
On the news, AmTrust shares closed down 19% on February 27, 2017.
If you have information that could assist in this investigation, including past employees and others, or if you are an AmTrust shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or phone at 619-814-4471. If emailing, please include a phone number.
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