NEW YORK, Jan. 25, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Landcadia Holdings III, Inc. ("LCY" or the "Company") (NASDAQ: LCY) in connection with the Company's proposed merger with HMAN Group Holdings Inc., the parent company of The Hillman Group, Inc. ("Hillman"), a privately-held leader in the hardware and home improvement industry. Under the terms of the merger agreement, LCY will acquire Hillman through a reverse merger that will result in Hillman becoming a public company traded on the NASDAQ. The transaction represents an implied enterprise valuation for Hillman of approximately $2.642 billion.
If you own LCY shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th Floor New York, NY 10036 (212) 682-3025 (888) 593-4771 [email protected]
WeissLaw LLP is investigating whether LCY's board acted in the best interest of LCY's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Hillman, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to LCY public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]