SOHO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Sotherly Hotels Inc. Is Fair to Shareholders

Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Sotherly Hotels Inc. (NASDAQ: SOHO) to KW Kingfisher LLC for $2.25 per share in cash, raising concerns about potential violations of fiduciary duties and federal securities laws [1][3]. Group 1: Investigation Details - The investigation focuses on whether Sotherly Hotels and its board failed to obtain the best possible consideration for shareholders and whether KW Kingfisher is underpaying for the company [3]. - There are concerns regarding the lack of disclosure of all material information necessary for shareholders to adequately assess and value the merger consideration [3]. Group 2: Potential Actions - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other forms of relief and benefits related to the proposed transaction [4]. - The firm operates on a contingent fee basis, meaning shareholders would not be responsible for out-of-pocket legal fees or expenses [4].