Former United States Securities and Exchange Commission attorney
and the securities litigation firm of
Powers Taylor, LLP
are investigating the sale of White River Capital, Inc. (“White River”) (NYSE MKT: RVR) and its subsidiary Coastal Credit, LLC to an affiliate of Parthenon Capital Partners for shareholders. Under the proposed deal valued at approximately $79.5 million, White River shareholders will only receive $21.93 in cash for each share of White River stock owned, well below the 52-week high of $27.80.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at
. There is no cost or fee to you.
The White River sale investigation centers on whether White River’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues White River’s stock, and whether White River’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that “Based upon the recent performance of the company and other factors, we believe that this transaction may undervalue White River stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC
is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP
is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.