SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of FONAR Corporation (NASDAQ: FONR)
Core Viewpoint - Monteverde & Associates PC is investigating FONAR Corporation regarding its proposed sale to affiliates of CEO Timothy Damadian, questioning the fairness of the deal for shareholders [1]. Company Overview - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has recovered millions for shareholders [1]. - The firm is located in the Empire State Building, New York City, and specializes in class action securities litigation [2]. Transaction Details - Under the proposed transaction, FONAR's Class B common stockholders will receive $19.00 per share, while Class C common stockholders will receive $6.34 per share [1].