Oct 24, 2023 | Blog, Shareholder Investigations
Investors of General Motors Stock Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of General Motors Company (“General Motors,” “GM”) (NYSE: GM) breached their fiduciary duties to General Motors and its shareholders and whether investors of GM stock suffered damages as a result.
INVESTORS OF GM STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C.
On October 5, 2023, the National Highway Traffic Safety Administration (“NHTSA”) held a public meeting “. . . regarding its initial decision that certain frontal driver and passenger air bag inflators manufactured by ARC and Delphi through January 2018 contain a defect related to motor vehicle safety and should be recalled.”
Reuters reported that officials of the NHTSA “. . . told a public hearing the government should require the recall of 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive because they may rupture and send metal fragments flying.”
Reuters also reported that “NHTSA enforcement official Cem Hatipoglu told the hearing that while the odds for a rupture may not be high, the consequences are ‘severe and potentially deadly.’ The air bag issue currently is linked to one U.S fatality and seven injuries, the agency said.”
According to Reuters, “[a] person briefed on the matter confirmed a Wall Street Journal report that GM has at least 20 million vehicles with the suspect parts. GM in May agreed to recall nearly 1 million vehicles with ARC air bag inflators after a rupture in March resulted in facial injuries to a driver.”
INVESTORS OF GENERAL MOTORS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE GM INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Oct 23, 2023 | Blog, Shareholder Investigations
Abercrombie & Fitch Stock – Investors of Abercrombie & Fitch Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Abercrombie & Fitch Co. (“Abercrombie & Fitch”) (NYSE: ANF) breached their fiduciary duties to Abercrombie & Fitch shareholders and whether Abercrombie & Fitch investors suffered damages as a result.
On October 2, 2023, the BBC reported allegations that Mike Jeffries, “[t]he ex-CEO of Abercrombie & Fitch[,] and his British partner face allegations of exploitation from men recruited for sex events they hosted around the world.”
Additionally, the BBC reported that “[t]wo former US prosecutors who independently reviewed documents and testimony uncovered by the BBC have called for an investigation to determine whether charges for sex trafficking could be brought. Under US law, sex trafficking includes getting an adult to travel to another state or country to have sex for money by using force, fraud or coercion.”
INVESTORS OF ABERCROMBIE & FITCH STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C.
ABERCROMBIE & FITCH SHAREHOLDERS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Oct 11, 2023 | Blog, Shareholder Investigations
Long-Term Investors of Startek Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether the proposed sale of Startek, Inc. (NYSE: SRT) for $4.30 per share in cash is fair to Startek shareholders and whether certain directors and officers of Startek breached their fiduciary duties in connection with the proposed acquisition of Startek by Capital Square Partners.
LONG-TERM INVESTORS OF STARTEK STOCK ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
STARTEK SHAREHOLDERS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE STARTEK MERGER INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Oct 5, 2023 | Blog, Shareholder Investigations
Investors of LiveVox Holdings Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether the sale of LiveVox Holdings, Inc. (“LiveVox”) (NASDAQ: LVOX) for $3.75 per share is fair to LiveVox shareholders and whether certain directors and officers of LiveVox breached their fiduciary duties in connection with the proposed acquisition of LiveVox by NICE Systems.
INVESTORS OF LIVEVOX STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C.
LiveVox is controlled by certain entities associated with Golden Gate Private Equity, Inc. (“Golden Gate”), which collectively owns approximately 70.63% of LiveVox’s outstanding stock. Golden Gate has already approved the merger by written consent, and LiveVox’s minority stockholders will have no say in the merger.
The proposed merger’s $350 million consideration is a fraction of LiveVox’s $840 million valuation in connection with its IPO in 2021.
LIVEVOX SHAREHOLDERS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE LIVEVOX INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Sep 19, 2023 | Blog, Shareholder Investigations
Investors of Fiesta Restaurant Group, Inc. Encouraged to Contact Kehoe Law Firm, P.C. – FRGI
Kehoe Law Firm, P.C. is investigating whether the sale of Fiesta Restaurant Group, Inc. (“Fiesta Restaurant” or “Fiesta”) (NASDAQ: FRGI) for $8.50 per share in cash is fair to Fiesta stockholders.
The investigation concerns whether the Board of Fiesta breached its fiduciary duties in connection with the merger.
INVESTORS OF FIESTA RESTAURANT STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C.
Fiesta Restaurant formed a Special Committee because Board member Nicholas Daraviras was employed by an affiliate of one of the potential financial advisor candidates, Jefferies LLC (“Jefferies”). The Special Committee then retained Jefferies as its financial advisor, even though Jefferies held a large illiquid block position in Fiesta of 5.26 million shares, or approximately 19.89% of the common equity outstanding in Fiesta and entered into a voting agreement in connection with the merger.
Due to its large illiquid position in Fiesta, Jefferies may have had an interest in a quick merger unlike other Fiesta stockholders.
SHAREHOLDERS OF FIESTA STOCK ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
