We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Lonestar Resources US Inc. (“Lonestar” or the “Company”) (OTC: LONE) in connection with the Company’s proposed merger with Penn Virginia Corporation (“Penn”) (NASDAQ: PVAC). Under the terms of the merger agreement, Lonestar shareholders will receive 0.51 shares of Penn stock for each Lonestar share they own, representing implied per-share merger consideration of approximately $11.74 based upon Penn’s July 9, 2021 closing price of $23.02.
WeissLaw LLP is investigating whether Lonestar’s board acted in the best interest of Lonestar’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Penn, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Lonestar’s public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
December 2, 2021
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of SLR Senior Investment Corp. (“SUNS” or the “Company”) (NASDAQ: SUNS) in connection with the proposed merger of the Company with SLR Investment Corp. (“SLR”) (NASDAQ: SLRC). Under the terms of the proposed merger, SUNS shareholders will receive an amount of SLRC shares with a net asset value (“NAV”) equal to the NAV of SUNS shares that they hold at the time of closing.
November 24, 2021
We are investigating possible false claims, accounting and reporting practices and breaches of fiduciary duty and violations of the federal securities laws by the Board of Directors and certain Company officers of CareDx, Inc. (NASDAQ: CDNA) (“CareDx” or the “Company”), which has led to investigations by the U.S. Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) concerning “certain business practices related to [CareDx’s] kidney testing and phlebotomy services.”
November 22, 2021
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Vonage Holdings Corp. (“Vonage” or the “Company”) (NASDAQ: VG) in connection with the proposed acquisition of the Company by Telefonaktiebolaget LM Ericsson (“Ericsson”) (NASDAQ: ERIC). Under the terms of the acquisition agreement, the Company’s shareholders will receive $21.00 per share in cash for each share of Vonage common stock that they hold.