Law Office Of Jonathan M. Stein, P.L. Investigates Possible Breach Of Fiduciary Duty By The Board Of Prospect Medical Holdings, Inc.
The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Prospect Medical Holdings, Inc. ("Prospect Medical" or the "Company") (Nasdaq: PZZ) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to an affiliate of Leonard Green & Partners, L.P. ("Leonard Green"). Under the terms of the proposed transaction, Prospect Medical shareholders will receive $8.50 in cash for each share of Prospect Medical common stock they own for a total transaction value of approximately $363 million.
The investigation concerns whether the Board of Directors of Prospect Medical breached their fiduciary duties to Prospect Medical stockholders by failing to adequately shop the Company before entering into this transaction and whether Prospect Medical has disclosed all material information to shareholders about the proposed transaction. Specifically, according to Yahoo Finance, one analyst predicted a one-year target estimate for Prospect Medical stock at $16.20 per share.
If you have information regarding the above investigation or own stock in Prospect Medical and wish to obtain additional information, please contact Jonathan M. Stein, Esq. either via email at firstname.lastname@example.org or by telephone at (561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.
|Law Office of Jonathan M. Stein, P.L.|
|Jonathan M. Stein, Esq.|
|Fax: (561) 750-5964|
|120 E. Palmetto Park Rd., Suite 420|
|Boca Raton, FL 33432|
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