Halper Sadeh investigates CHEB and ARC for shareholder rights violations
- Halper Sadeh LLC is investigating Chenghe Acquisition II, ARC Document Solutions, and Rafael Holdings for potential shareholder rights violations.
- The investigations focus on specific transactions, including mergers and sales that may not have adequately protected shareholder interests.
- Shareholders are encouraged to contact Halper Sadeh LLC for legal advice and potential actions regarding their rights.
On September 18, 2024, Halper Sadeh LLC, a law firm specializing in investor rights, announced an investigation into several companies for potential breaches of fiduciary duties and violations of federal securities laws. The focus of the investigation includes Chenghe Acquisition II's merger with Polibeli Group Ltd., which may not have adequately protected shareholder interests. Additionally, ARC Document Solutions is under scrutiny for its sale to TechPrint Holdings, LLC, an affiliate of its executives, at a price of $3.40 per share, raising concerns about the fairness of the transaction. Rafael Holdings is also being investigated regarding its merger with Cyclo Therapeutics, Inc., as shareholders may not have received sufficient information about the deal. Halper Sadeh LLC aims to seek increased compensation for shareholders and ensure they are informed about their legal rights and options. The firm operates on a contingent fee basis, meaning shareholders will not incur out-of-pocket expenses for legal fees. Shareholders from the affected companies are encouraged to reach out to Halper Sadeh LLC for a free consultation to discuss their rights and potential actions they can take.