|By PR Newswire||
|April 3, 2014 04:42 PM EDT||
NEW YORK, April 3, 2014 /PRNewswire/ --
Altisource Residential Corporation
Lifshitz & Miller announces that it is investigating potential claims against the board of Altisource Residential Corporation ("RESI"). On March 19, 2014, Glaucus Research issued a report stating that Altisource Asset Management's ("AAMC") Incentive Fee is at least four to seven times higher than the compensation received by similarly situated asset managers, and as such, is a sweetheart deal that will unjustly enrich insiders with a beneficial stake in AAMC at the expense of RESI's shareholders.
Lifshitz & Miller announces that a class action was filed in the United States District Court for the Southern District of Texas, alleging Hyperdynamics Corporation ("HDY") issued false and misleading statements during the period between November 8, 2012 and March 11, 2014. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company obtained and retained oil and gas concession rights in violation of the U.S. Foreign Corrupt Practices Act and/or U.S. anti-money laundering statutes; and (2) the Company lacked adequate internal and financial controls.
Morgan's Foods, Inc.
Lifshitz & Miller announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Morgan's Foods, Inc. ("MRFD") to Apex Restaurant Management, Inc. in a cash transaction valued at $5.00 per share.
Lifshitz & Miller's investigation is focused on whether the MRFD directors are acting in shareholders best interest.
Sino Gas International Holdings, Inc.
Lifshitz & Miller announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Sino Gas International Holdings, Inc. ("SGAS") to Prosperity Gas Holdings Limited and Merger Sub Gas Holdings Inc.in a cash transaction valued at $1.30 in cash without interest.
Lifshitz & Miller's investigation is focused on whether the SGAS directors are acting in shareholders best interest.
SWS Group, Inc.
Lifshitz & Miller announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of SWS Group, Inc. ("SWS") to Hilltop Holdings Inc. for per share consideration of 0.2496 shares of Hilltop common stock and $1.94 of cash, equating to $7.88 per share based on Hilltop's closing price on March 31, 2014.
Lifshitz & Miller's investigation is focused on whether the SWS directors are acting in shareholders best interest.
ATTORNEY ADVERTISING. © 2014 Lifshitz & Miller. The law firm responsible for this advertisement is Lifshitz & Miller, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516) 493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Joshua M. Lifshitz, Esq.
Lifshitz & Miller
Email: [email protected]
SOURCE Lifshitz & Miller Law Firm
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