Halper Sadeh investigates potential violations at FYBR and BTTR

On September 19, 2024, Halper Sadeh LLC, an investor rights law firm based in New York, announced an investigation into several companies for potential violations of federal securities laws and breaches of fiduciary duties to shareholders. The firms under scrutiny include Better Choice Co (BTTR), Frontier Communications (FYBR), Gatos Silver, Inc. (GATO), and SPAR Group, Inc. (SGRP). The investigations are prompted by proposed transactions that may not adequately protect shareholder interests. The firm is particularly focused on the implications of these transactions for shareholders. For instance, Better Choice shareholders are expected to own approximately 15% of the combined entity post-transaction, while Gatos shareholders would hold about 38% of First Majestic shares on a fully-diluted basis. Additionally, Frontier Communications is set to be sold to Verizon Communications for $38.50 per share in cash, raising concerns about the fairness of the offer. Halper Sadeh LLC aims to seek increased consideration for shareholders, additional disclosures, and other forms of relief. The firm emphasizes that it will operate on a contingent fee basis, meaning shareholders will not incur out-of-pocket legal fees unless the case is successful. This approach is designed to encourage shareholders to come forward and discuss their legal rights and options without financial risk. The investigations reflect a broader trend of shareholder activism, where investors are increasingly vigilant about corporate governance and the fairness of transactions. As these investigations unfold, shareholders are encouraged to engage with Halper Sadeh LLC to explore their rights and potential actions regarding the proposed transactions.