Core Viewpoint - The Ademi Firm is investigating Veritex for potential breaches of fiduciary duty and other legal violations related to its transaction with Huntington, particularly focusing on the treatment of shareholders and the conduct of the Veritex board [1][2]. Group 1: Transaction Details - In the completed transaction, Veritex shareholders received 1.95 shares for each outstanding share of Veritex [2]. - Veritex insiders benefited significantly from change of control arrangements as part of the transaction [2]. Group 2: Investigation Focus - The transaction agreement allegedly unreasonably limited competing offers for Veritex, raising concerns about the fairness of the deal [2]. - The investigation will assess whether the Veritex board fulfilled its fiduciary duties to all shareholders, considering potential misrepresentations and omissions in the transaction documents [2].
Shareholder Alert: The Ademi Firm investigates whether Veritex Holdings, Inc. is obtained a Fair Price for its Public Shareholders