FG Financial Group, Inc.

Practice Area: 
Stock Symbol: 
Case Status: 

Ademi LLP is investigating FG Financial (Nasdaq: FGF, FGFPP) for possible breaches of fiduciary duty and other violations of law in its transaction with FG Group Holdings.

At closing, FG Financial stockholders will own just 28% of the outstanding shares of Fundamental Global Inc., while FG Group holdings will own 72%. The transaction agreement unreasonably limits competing transactions for FG Financial by imposing a significant penalty if FG Financial accepts a competing bid. FG Financial insiders will receive substantial benefits as part of change of control arrangements.

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