The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Investors Capital Holdings, Ltd. (NYSE MKT:ICH) (“Investors Capital”) regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RCS Capital Corp. (NYSE:RCAP).
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Under the terms of the transaction, Investors Capital shareholders may elect to receive $7.25 per share or a number of RCAP Class A shares “equal to the quotient of $7.25 divided by the volume weighted average trading price of a share of RCAP’s Class A common stock for the five consecutive trading days immediately preceding the closing of the Merger.” The investigation concerns whether the Investors Capital Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for Investors Capital shareholders.
If you own common stock in Investors Capital and wish to obtain additional information, please contact Vincent Wong, Esq. either via email
, by telephone at 212.425.1140, or visit
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.