Hynes Keller & Hernandez, LLC is investigating whether the Board of Directors of Stonegate Motgage Corp.(NYSE: SGM) breached their fiduciary duties to shareholders.
On January 27, 2017, Stonegate announced that it had agreed to a merger transaction with Home Point Financial Corp. Pursuant to the merger agreement, Stonegate’s shareholders will receive $8.00 in cash for each share of Stonegate common stock.
The investigation focuses on whether Stonegate’s Board of Directors breached their fiduciary duties to the Company’s shareholders by 1) failing to conduct a fair sales process 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material information in connection with the proposed transaction.
If you hold SGM shares and you would like to discuss your legal rights, please email the firm at info@hkh-lawfirm.com. You can also contact us by calling Michael J. Hynes at (484) 875-3116 or by sending an e-mail to mhynes@hkh-lawfirm.com.