Front Yard Residential Corporation

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Ademi & O’Reilly, LLP is investigating Front Yard Residential Corporation (NYSE: RESI) for possible breaches of fiduciary duty and other violations of the law in connection with the sale to Amherst.

Ademi & O’Reilly, LLP alleges Front Yard’s financial outlook is improving and yet shareholders will receive only $12.50 per share in an all-cash transaction valued at approximately $2.3 billion, including debt to be assumed or refinanced. The merger agreement unreasonably limits competing bids for Front Yard by prohibiting solicitation of further bids, and imposing a termination penalty if Front Yard accepts a superior bid. Front Yard insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Front Yard’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Front Yard.