AssetMark Financial Holdings, Inc.

Practice Area: 
Stock Symbol: 
Case Status: 

Ademi LLP is investigating AssetMark (NYSE: AMK) for possible breaches of fiduciary duty and other violations of law in its transaction with GTCR.

In the transaction, AssetMark stockholders will receive only $35.25 per share in cash, which represents a total equity valuation of approximately $2.7 billion. The transaction agreement unreasonably limits competing transactions for AssetMark by imposing a significant penalty if AssetMark accepts a competing bid. AssetMark insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of AssetMark’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.