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Halper Sadeh Investigates Mr. Cooper, SpartanNash, and CoreCard for Securities Law Violations.
ByAinvest
Wednesday, Aug 6, 2025 11:20 am ET1min read
Halper Sadeh LLC is investigating three companies for potential violations of federal securities laws and breaches of fiduciary duties. The firms are examining Mr. Cooper Group's sale to Rocket Companies, SpartanNash Company's sale to C&S Wholesale Grocers, and CoreCard Corporation's sale to Euronet. Shareholders of these companies can click the links provided to learn more about their legal rights and options.
Halper Sadeh LLC has initiated an investigation into the proposed sale of Mr. Cooper Group Inc. (NasdaqCM: COOP) to Rocket Companies (NYSE: RKT). The investigation, conducted by the former Attorney General of Louisiana Charles C. Foti, Jr., Esq., and the law firm of Kahn Swick & Foti, LLC, aims to assess the adequacy of the consideration and the process leading to the proposed transaction [1].Under the terms of the proposed sale, Mr. Cooper shareholders will receive 11.0 Rocket shares for each share of Mr. Cooper they own. The investigation seeks to determine whether this consideration is adequate and whether the process leading to it is fair. Shareholders who believe the transaction undervalues the company or wish to discuss their legal rights can contact Kahn Swick & Foti, LLC without obligation or cost [1].
In conjunction with the proposed sale, Rocket Companies has also announced an offer to exchange outstanding senior notes of Nationstar Mortgage Holdings Inc., a subsidiary of Mr. Cooper, for new senior notes issued by Rocket Companies. The exchange offer provides for a total consideration of up to $1.75 billion for the aggregate principal amount of outstanding 6.500% Senior Notes due 2029 and 7.125% Senior Notes due 2032 [2].
The investigation by Halper Sadeh LLC follows similar probes into the sales of SpartanNash Company to C&S Wholesale Grocers and CoreCard Corporation to Euronet. Shareholders of these companies can also learn more about their legal rights and options by clicking the provided links [1].
References:
[1] https://www.morningstar.com/news/business-wire/20250805684572/mr-cooper-investor-alert-by-the-former-attorney-general-of-louisiana-kahn-swick-foti-llc-investigates-adequacy-of-price-and-process-in-proposed-sale-of-mr-cooper-group-inc-coop
[2] https://www.marketscreener.com/news/rocket-companies-announces-exchange-offers-and-consent-solicitations-for-any-and-all-of-nationstar-m-ce7c5edade8cf021
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