Investors of Delta Airlines Stock Encouraged to Contact Kehoe Law Firm, P.C. – DAL

Kehoe Law Firm, P.C. is investigating whether certain officers or directors of Delta Airlines, Inc. (“Delta” or “Delta Airlines”) (NYSE: DAL) failed to manage Delta Airlines in an acceptable manner, in breach of their fiduciary duties to Delta and its shareholders, and whether Delta Airlines and its shareholders suffered harm.

INVESTORS OF DELTA AIRLINES STOCK CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

On July 23, 2024, Axios.com reported that “[t]he U.S. Department of Transportation ‘has opened an investigation into Delta Air Lines to ensure the airline is following the law and taking care of its passengers during continued widespread disruptions,’ Transportation Secretary Pete Buttigieg wrote on X . . ..”

On July 24, 2024, CNN.com reported that “. . . Delta Air Lines canceled hundreds more flights early Tuesday morning [July 23, 2024], as the problems caused by last week’s global tech outage continued into a fifth day. Worse news: Delta’s meltdown will probably extend through the end of the week.”

According to CNN.com, “[t]he meltdown has ensnared an estimated half a million people, ruined holidays and travel plans and prompted a federal investigation – even as Delta flight cancellations and delays are ongoing and far outpacing issues at other carriers.”

Additionally, CNN.com reported that “[a]s of 2pm ET the Atlanta-based airline had canceled 466 flights, and Endeavor Air, its regional carrier that feeds its system under the Delta Connection brand, had canceled another 28 flights. The cancellations follow more than 1,250 flight cancellations Monday, and 4,500 flights from Friday through Sunday between Delta and Delta connection.”

INVESTORS OF DELTA AIRLINES ALSO CAN CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

Investors of Acadia Healthcare Stock Encouraged to Contact Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is investigating whether certain officers or directors of Acadia Healthcare Company, Inc. (“Acadia Healthcare” or “Acadia”) (NASDAQ: ACHC) failed to manage Acadia Healthcare in an acceptable manner, in breach of their fiduciary duties to Acadia and its shareholders, and whether Acadia Healthcare and its shareholders suffered harm. 

INVESTORS OF ACADIA STOCK CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

On September 1, 2024, The New York Times published an article which, among other things, stated that “[i]n at least 12 of the 19 states where Acadia operates psychiatric hospitals, dozens of patients, employees and police officers have alerted the authorities that the company was detaining people in ways that violated the law, according to records reviewed by The Times. In some cases, judges have intervened to force Acadia to release patients.”

The New York Times also reported that “. . . at Acadia, patients were often held for financial reasons rather than medical ones, according to more than 50 current and former executives and staff members.”

According to investigative news report, “Acadia, which charges $2,200 a day for some patients, at times deploys an array of strategies to persuade insurers to cover longer stays, employees said. Acadia has exaggerated patients’ symptoms. It has tweaked medication dosages, then claimed patients needed to stay longer because of the adjustment. And it has argued that patients are not well enough to leave because they did not finish a meal.”

Additionally, The New York Times reported that “[u]nless the patients or their families hire lawyers, Acadia often holds them until their insurance runs out.”

ACADIA HEALTHCARE INVESTORS CAN ALSO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

Investors of Thoughtworks Stock Encouraged to Contact Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is investigating whether the announced sale of Thoughtworks Holding, Inc. (“Thoughtworks”) (NASDAQ: TWKS) is fair to the shareholders of Thoughtworks and whether the Board of Directors of Thoughtworks breached its fiduciary duties in connection with the proposed acquisition of Thoughtworks by its controlling shareholder, Apax Partners LLP (“Apax”), in an all-cash transaction for $4.40 per share.

SHAREHOLDERS OF THOUGHTWORKS CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

Apax already owns 61.2% of Thoughtworks, and while the Board of Directors of Thoughtworks formed a special committee, it does not appear that standard deal protections, such as a majority of the minority vote requirement, were put in place. Moreover, the deal price is below the 52-week high Thoughtworks stock price of $5.20.

Importantly, the investigation concerns whether the transaction is unfair to the investors of Thoughtworks and the result of a flawed process by Thoughtworks’ potentially conflicted Board of Directors.

INVESTORS OF THOUGHTWORKS STOCK ALSO CAN CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

Investors of R1 RCM Inc. Encouraged to Contact Kehoe Law Firm, P.C. 

Kehoe Law Firm, P.C. is investigating whether the sale of R1 RCM Inc. (NASDAQ: RCM) is fair to R1 RCM shareholders and whether the Board of Directors of R1 RCM breached its fiduciary duties in connection with the proposed acquisition of the company by investment funds affiliated with TowerBrook Capital Partners L.P. (“TowerBrook Capital”) and Clayton, Dubilier & Rice (“CD&R”) in an all-cash transaction for $14.30/share.

R1 RCM INVESTORS CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

TowerBrook Capital is the beneficial owner of 36% of the outstanding shares of common stock of R1 RCM. Under the terms of the agreement, TowerBrook Capital and CD&R will acquire all the outstanding shares that TowerBrook Capital does not currently own for $14.30 per share.

Although the Board of Directors of R1 RCM formed a special committee, it does not appear that they put in place standard deal protections, such as a majority of the minority vote requirement.  Moreover, the deal price is below the 52-week high R1 RCM stock price of $18.22.

Importantly, the investigation concerns whether the transaction is unfair to R1 RCM investors and the result of a flawed process by R1 RCM’s potentially conflicted Board of Directors.

R1 RCM SHAREHOLDERS CAN ALSO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

Investors of Terran Orbital Stock Encouraged to Contact Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is investigating whether the sale of Terran Orbital, Inc. (“Terran Orbital”) (NYSE: LLAP) is fair to Terran Orbital shareholders and whether the Board of Directors of Terran Orbital breached its fiduciary duties in connection with the proposed acquisition of Terran Orbital by Lockheed Martin (NYSE: LMT).  

TERRAN ORBITAL INVESTORS CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

The investigation concerns whether the Board of Directors of Terran Orbital breached its fiduciary duties by failing to conduct a fair process regarding the proposed acquisition of Terran Orbital by Lockheed Martin in a deal with an enterprise value of approximately $450 million.

Under the terms of the agreement, Lockheed Martin will acquire all outstanding shares of Terran Orbital for $0.25 in cash for each outstanding share of common stock and retire its existing debt.

The transaction is expected to close in the fourth quarter of 2024.

TERRAN ORBITAL SHAREHOLDERS CAN ALSO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

CrowdStrike Stock Investors Encouraged to Contact Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is investigating whether CrowdStrike Holdings, Inc. (“CrowdStrike”) (NASDAQ: CRWD) issued false and misleading statements or breached its fiduciary duties to shareholders.

INVESTORS OF CROWDSTRIKE STOCK CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.

On Friday, July 19, 2024, CrowdStrike’s stock dropped significantly on the news of a faulty software update by CrowdStrike which caused major disruptions across multiple industries.

The Motley Fool has reported that “[t]he CrowdStrike-related outage stemmed from a bug in a software update the company pushed out. The crash impacted millions of Microsoft Windows devices worldwide, causing Windows-based computers and tablets to crash. The outage impacted numerous industries from governments, to banks, to airlines, which had to cancel flights.”

CROWDSTRIKE SHAREHOLDERS CAN ALSO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.