Edelman Financial Group Going Private Proposal Investigated By The Securities Attorneys At The Briscoe Law Firm And Powers Taylor, LLP
Former United States Securities and Exchange Commission attorney
Briscoe and the securities litigation firm of
Taylor, LLP are investigating potential legal claims against the
Board of Directors of the...
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of the Edelman Financial Group (“Edelman” or “EF”) (Nasdaq: EF) related to the sale of the company to affiliates of Lee Equity Partners, LLC in a going private proposal valued at $258 million. Under the terms of the proposal, Edelman shareholders will receive $8.85 per share of stock owned. 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 email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you. According to shareholder rights attorney Willie Briscoe, “The investigation relates to the fairness of the proposed transaction to Edelman shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders. In addition, the firms are actively investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Edelman in connection with the potential approval of this transaction, and whether Edelman’s Board of Directors is acting in the shareholders’ best interests.” 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.
Shares of Edelman Financial Group (Nasdaq:EF) have taken a tremendous swing upward. The stock is trading at $8.70 as of 9:35 a.m. ET, 40.8% above Friday's closing price of $6.18. Volume is at 4.2 million, 125.7 times the daily average of 33,500.