PORTLAND, Ore., July 30, 2015 /PRNewswire/ -- The $115 per share buyout of StanCorp Financial Group (NYSE: SFG) prompted a shareholder investigation into the SFG board by Dunnam & Dunnam securities lawyers. Concerned SFG investors are encouraged to contact attorney Hamilton Lindley by clicking here.
According to securities lawyers at the firm, this proposed acquisition appears to be driven by an unfair process through which SFG's officers and directors can seek to "cash in" their illiquid StanCorp holdings, reaping $129 million from the acquisition. Further, SFG appears to be performing very well, representing an increase of 58% year-over-year, compared to a 1.2 percent drop in the industry. The firm's shareholder class action lawsuit seeks to ensure that the highest value is obtained by stockholders—both in terms of price and information.
Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. SFG stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at firstname.lastname@example.org with questions, toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/SFG/.
SOURCE Dunnam & Dunnam