The Ademi Firm is investigating DallasNews (NASDAQ: DALN) for possible breaches of fiduciary duty and other violations of law in its transaction with Hearst.
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Click hereto learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of DallasNews will receive $14.00 per share in cash. DallasNews insiderswill receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for DallasNews by imposing a significant penalty if DallasNews accepts a competing bid. We are investigating the conduct of the DallasNews board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & Fruchter LLPGuri AdemiToll Free: (866) 264-3995Fax: (414) 482-8001
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SOURCE Ademi LLP
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