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
21 Jul
FING-B
Du er overalt. Du skriver i Fingersprint trådene og opretter derefter ny tråd med samme indhold. Nu ..
39
19 Jul
GEN
Ja, det ligner simpelthen ingenting. Siden starten af 2012 er Genmab under ledelse af Jan W. kun ste..
24
17 Jul
VELO
Med den status som Envarsus har bør der kunne komme gang i salget ret hurtigt. Et bud kan være inden..
14
19 Jul
PNDORA
Alle disse Pandora tråde uden substans lugter langt væk af desperation.
12
20 Jul
 
Et kæmpe tab. En sindsyg dygtig, højt respekteret og solid klippe af "sund fornuft" som igennem mang..
11
18 Jul
VELO
  Den kinesiske pendant til amerikanske FDA, er i foråret 2017 begyndt og tilbyder forhåndsgodkendel..
11
17 Jul
 
Mange ting er allerede sagt, men:   1. Vær klar over, at du kommer til at skulle bruge tusindevis af..
11
19 Jul
PNDORA
Jeg synes begge sider burde erkende, at ingen af dem eller ingen i det hele taget i hele verden, hve..
10
15 Jul
PNDORA
Ja der er store kræfter der leger med, de store kræfter er vist ligeglad med teknisk analyse, så ned..
10
20 Jul
PNDORA
Den øjeblikkelige kurs omkring 700 afspejler fortsat negative forventninger, der delvist blev indfri..
9

Man Group PLC : Form 8.3 - [Monitise PLC]

21/07/2017 12:57:03
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Man Group Plc (b) Owner or controller..

Mothercare Plc : Director/PDMR Shareholding

21/07/2017 10:16:06
21 July 2017 Mothercare plc  Director/PDMR shareholdings Mothercare plc has received notification of the following transaction in its ordinary shares.  In accordance with Article 19 of the EU Market Abuse Regulation, the relevant FCA notification is set out below.   Following the transaction, the total beneficial interest in the Company held by Mr Newton-Jones is 363,972 ordinar..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Stull, Stull & Brody Announces Class Action Lawsuit on Behalf of Employee Benefit Plan Purchasers of American Depository Shares of Teva Pharmaceutical Industries Limited
2
First Savings Financial Group, Inc. and The First National Bank of Odon Sign Definitive Acquisition Agreement
3
Lodes Chiropractic Center Educates Patients on Chiropractic Care for Runners
4
Veterinary Wellness Center of Boerum Hill Announces Special on its Basic Vaccine Package
5
Sanofi and Regeneron Receive Positive CHMP Opinion for Dupixent® (dupilumab) to Treat Adult Patients with Moderate-to-Severe Atopic Dermatitis

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
22 July 2017 09:40:28
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170720.2 - EUROWEB5 - 2017-07-22 10:40:28 - 2017-07-22 09:40:28 - 1000 - Website: OKAY