MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Arcadia (NASDAQ: RKDA) for possible breaches of fiduciary duty and other violations of law in its transaction with Roosevelt Resources.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
Following the closing of the transaction, the current equity owners of Roosevelt Resources and the Arcadia shareholders expected to own approximately 90% and 10%, respectively, of the outstanding shares of Arcadia. Arcadia insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Arcadia’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
