Finkelstein Thompson LLP Announces Investigation of Pre-Paid Legal Services
WASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Pre-Paid Legal Services, Inc. (“Pre-Paid Legal” or the “Company”) (NYSE:PPD) concerning the proposed acquisition of the Company by MidOcean Partners. Under the terms of the offer, Pre-Paid Legal shareholders will receive $66.50 in cash for each share of the Company's common stock held in a transaction valued at approximately $650 million.
The investigation is focused on the potential unfairness of the deal price to Pre-Paid Legal shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among the Company’s Board members. In particular, the consideration offered to Pre-Paid Legal shareholders appears to be 3% lower than the 52-week high trading price for the Company’s stock.
If you are interested in discussing your rights as a Pre-Paid Legal shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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