We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of New York Community Bancorp, Inc (“New York Community” or the "Company") in connection with its proposed acquisition of Flagstar Bancorp, Inc. (“Flagstar”) (NYSE: FBC). Under the terms of the merger agreement, Flagstar shareholders will receive 4.0151 shares of New York Community common stock for each Flagstar share that they own, representing implied per share merger consideration of $48.14 based upon New York Community’s April 23, 2021 closing price of $11.99. Upon completion of the transaction, New York Community shareholders will own approximately 68% and Flagstar shareholders will own approximately 32% of the combined entity. The implied total transaction value is approximately $2.6 billion.
WeissLaw LLP is investigating whether (i) New York Community’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the merger consideration overly compensates Flagstar’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
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
September 17, 2021
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Great Western Bancorp, Inc. (“Great Western” or the “Company”) (NYSE:GWB) in connection with the proposed acquisition of the Company by First Interstate BancSystem, Inc. (“First Interstate”) (NASDAQ: FIBK). Under the terms of the merger agreement, Great Western shareholders will receive .8425 shares of First Interstate stock for each Great Western share they own, representing implied per-share merger consideration of approximately $33.00 based upon First Interstate’s September 16, 2021 closing price of $39.17.
September 15, 2021
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GreenSky, Inc. (“GreenSky” or the “Company”) (NASDAQ: GSKY) in connection with the proposed acquisition of the Company by The Goldman Sachs Group, Inc. (“Goldman Sachs”) (NYSE: GS). Under the terms of the merger agreement, GreenSky shareholders will receive 0.03 shares of Goldman Sachs stock for each GreenSky share they own, representing implied per-share merger consideration of approximately $12.11 based upon Goldman Sachs’s September 14, 2021 closing price of $403.69.
September 10, 2021
WeissLaw LLP, a nationally acclaimed investor rights law firm, reminds investors that on August 10, 2021, the firm commenced a class action lawsuit against Coinbase Global Inc. ("Coinbase" or the "Company") (NASDAQ: COIN) and certain of its senior officers, directors and affiliated entities on behalf of investors who purchased or acquired Coinbase common stock pursuant and /or traceable to the Company's April 14, 2021 initial public offering (the “IPO”). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Act of 1933. The deadline to serve as lead plaintiff is September 20, 2021.