20/03/2017 22:31:00

STONEGATE MORTGAGE MERGER INVESTIGATION ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Stonegate Mortgage Corporation

WILMINGTON, Del., March 20, 2017 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Stonegate Mortgage Corporation (“Stonegate Mortgage” or the “Company”) relating to the sale of the Company to Home Point Financial Corporation (“Home Point”). On January 27, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Home Point will acquire Stonegate Mortgage in a merger worth $211 million. As a result of the merger, Stonegate Mortgage shareholders are only anticipated to receive $8.00 per share in cash in exchange for each share of Stonegate Mortgage.

Our Firm's investigation so far has also discovered that the process leading up to the announcement of the merger appears to have significant conflicts of interest, thus making the process and consideration unfair.

Andrews & Springer is investigating whether Stonegate Mortgage’s directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Our firm is also investigating the Company's financial advisors, Barclays and FBR Capital Markets & Co., and whether they conducted a fair sales process.

If you own shares of Stonegate Mortgage and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/stonegate-mortgage-corporation-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.

Contact:

Craig J. Springer, Esq.

cspringer@andrewsspringer.com

Toll Free: 1-800-423-6013

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
18 Sep
FING-B
Goodwrench, sikke en omgang vrøvl.   Det er ikke kun hyklerisk, men også dybt patetisk, når du komme..
36
21 Sep
BAVA
Nogle gange...bare nogle gange ville jeg godt nok vaere glad og taknemmelig hvis vi ikke evig og alt..
25
19 Sep
PNDORA
Her er min model ;)      
23
21 Sep
I:SP500
Hej   Der er lige nu kommet nye tal fra Conference Board omkring de ledende indikatorer. Vores konju..
21
17 Sep
 
er højt i kurs her  .   Det er synd, at voksne mennesker ikke har mere pli, så snart de er anonyme .
18
20 Sep
SAS-DKK
Norwegian har gjort det flot, og konkurrence kan være godt det "kan" højne kvaliteten i nogen tilfæl..
17
18 Sep
FING-B
Goodwrench, har du da hørt en loppe gø. Det er dybt imponerende, hvordan du igen og igen udstiller d..
16
20 Sep
PNDORA
Donlupo - Fik du skrevet fra den forkerte profil?
15
18 Sep
VWS
Gode nyheder og mon ikke der er flere på vej https://www.nordnet.dk/mux/web/analys/nyheter/visaNy..
15
17 Sep
BAVA
Har hørt, at Bava skulle være tæt på et nyt produkt mod hjernesvind og at GW og Baronen skulle være ..
14

Novae Group plc: Holdings in Company

22/09/2017 15:30:32
TR-1: S tandard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i   1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii ..

Alliance Trust PLC : Net Asset Value(s)

22/09/2017 12:56:41
ALLIANCE TRUST PLC                                    At the close of business on Thursday 21 September 2017: The Company's NAV per ordinary share, valued on a bid price basis with Debt at Par, was -       excluding income, 745.4p -       including income, 753.3p  The Company's NAV per ordinary share, valued on a bid price basis with Debt at Fair Value, was -       excluding ..

Form 8.5 (EPT/RI) - Tesco plc

22/09/2017 08:29:36
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY 1.         KEY INFORMATION (a) Name of exempt principal trader:   Investec Bank plc   (b) Name of offeror/offeree in relation to whose relevant se..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
MAXIMUS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against MAXIMUS, Inc. - (MMS)
2
ADVISORY BOARD SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against The Advisory Board Company - (ABCO)
3
Solar Decathlon 2017 Teams Arrive at New Site in Denver; Begin Assembling Student-Designed, Solar Houses
4
H.B. Fuller Announces Conference Call and Webcast to Discuss Third Quarter 2017 Results
5
Mountain America Credit Union honored among Credit Union Journal’s 2017 Best Credit Union to Work For

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
24 September 2017 00:29:16
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170921.1 - EUROWEB7 - 2017-09-24 01:29:16 - 2017-09-24 00:29:16 - 1000 - Website: OKAY