MILWAUKEE, Feb. 18, 2020 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Front Yard Residential Corporation (NYSE: RESI) for possible breaches of fiduciary duty and other violations of the law in connection with the sale to Amherst.
Click here to learn how to join the action: http://ademilaw.com/case/front-yard-residential-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Front Yard's financial outlook is improving and yet shareholders will receive only $12.50 per share in an all-cash transaction valued at approximately $2.3 billion, including debt to be assumed or refinanced. The merger agreement unreasonably limits competing bids for Front Yard by prohibiting solicitation of further bids, and imposing a termination penalty if Front Yard accepts a superior bid. Front Yard insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Front Yard's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Front Yard.
If you own common stock in Front Yard and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/front-yard-residential-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Ademi & O'Reilly, LLP
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SOURCE Ademi & O'Reilly, LLP