Stock Symbol:
CCF
Case Status:
Investigations
Ademi LLP is investigating Chase (NYSE American: CCF) for possible breaches of fiduciary duty and other violations of law in its private placement and its transaction with KKR.
In the transaction, Chase stockholders are expected to receive only $127.50 per share in cash for each of their shares. The transaction agreement unreasonably limits competing transactions for Chase by imposing a significant penalty if Chase accepts a competing bid. Chase insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Chase’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.