NEW YORK, NY/ ACCESSWIRE / June 11, 2019 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City announces that a class action lawsuit has been filed in the United States District Court Western District of Washington Tacoma Division, Case No. 3:19-cv-05514, against Papa Murphy's Holdings Inc. ("Papa Murphy's" or the "Company") (NasdaqGS: FRSH) for shareholders who held Papa Murphy's securities as of the close of the tender offer on May 22, 2019 (the "Class Period"), and have been harmed by Papa Murphy's and its board of directors' (the "Board") for alleged violations of Sections 14(e) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the tender offer of Company common stock to be purchased by MTY Food Group Inc. ("MTY").
Under the terms of the agreement, Papa Murphy's stockholders received $6.45 per share in cash in exchange for each share of Papa Murphy's stock they owned ("Merger Consideration"). The complaint alleges that this offer was inadequate and alleges that the Schedule 14D-9 Solicitation/Recommendation Statement (the "Recommendation Statement") provided materially incomplete and misleading information about the Company's financials and the transaction, in violation of Sections 14(e), and 20(a) of the Exchange Act.
If you wish to serve as lead plaintiff, you must move the Court no later than August 12, 2019. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Click here for more information: strong>https://www.monteverdelaw.com/case/papa-murphys-holdings-inc. It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017 and 2018 Top Rated Lawyer.
CONTACT:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341
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SOURCE: Monteverde & Associates PC