NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Bally’s Corporation (NYSE: BALY) to Standard General L.P. for $18.25 per share is fair to Bally’s shareholders. In lieu of receiving the cash consideration, Bally’s shareholders may elect to retain all or a portion of their Bally’s stock by means of a rollover election.
Halper Sadeh encourages Bally’s shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether Bally’s and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Bally’s shareholders; (2) determine whether Standard General is underpaying for Bally’s; and (3) disclose all material information necessary for Bally’s shareholders to adequately assess and value the merger consideration.
On behalf of Bally’s shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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