Halper Sadeh Investigating TrueCar, Hillenbrand Sales for Potential Violations

Halper Sadeh LLC is investigating TrueCar and Hillenbrand for potential securities law violations and fiduciary duty breaches related to their respective sales. The law firm may seek increased consideration, additional disclosures, or other relief for shareholders. The TrueCar sale is to Fair Holdings for $2.55 per share, while Hillenbrand is being acquired by an affiliate of Lone Star Funds for $32.00 per share.

Halper Sadeh LLC, a prominent investor rights law firm, has initiated investigations into the recent acquisitions of TrueCar, Inc. and Hillenbrand, Inc. The firm is examining whether the transactions comply with federal securities laws and fiduciary duties to shareholders. The law firm may seek increased consideration, additional disclosures, or other relief for shareholders affected by the deals.

TrueCar, Inc. (NASDAQ: TRUE) is being acquired by Fair Holdings, Inc. in an all-cash transaction valued at approximately $227 million, or $2.55 per share. The acquisition aligns with Lake Street's recent price target revision, which increased from $2 to $2.55, according to a FinancialModelingPrep report. TrueCar's stock has seen a significant increase, rising by 62.16% since the announcement.

Hillenbrand, Inc. (NYSE: HI) is being acquired by an affiliate of Lone Star Funds for $32.00 per share. Halper Sadeh LLC is investigating whether the sale is fair to Hillenbrand shareholders. The firm is assessing whether the board of directors and Hillenbrand violated federal securities laws and/or breached their fiduciary duties by not obtaining the best possible consideration for shareholders or disclosing all material information necessary for shareholders to adequately assess and value the merger consideration, according to a Morningstar report.

Both investigations are being conducted on a contingent fee basis, meaning shareholders would not be responsible for out-of-pocket payments for legal fees or expenses. Halper Sadeh LLC has a history of recovering millions of dollars on behalf of defrauded investors and has been instrumental in implementing corporate reforms.

Investors and financial professionals should closely monitor these developments, as they may have significant implications for the affected companies and their shareholders. The outcome of these investigations could lead to additional disclosures, increased consideration for shareholders, or other forms of relief.