StoneMor Inc.

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Ademi LLP is investigating StoneMar (NYSE: STON) for possible breaches of fiduciary duty and other violations of law in its transaction with Axar.

Ademi LLP alleges StoneMar’s financial outlook and prospects are excellent and yet StoneMar holders will receive only $3.50. The transaction agreement unreasonably limits competing bids for StoneMar by imposing a significant penalty if StoneMar accepts a superior bid. StoneMar insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of StoneMar’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 StoneMar.