Endeavor(US:EDR) Globenewswire·2026-01-19 17:00Core Viewpoint - A class action lawsuit has been filed against Endeavor Group Holdings, Inc. and certain affiliated parties for alleged violations of federal securities laws during the Class Period from January 15, 2025, to March 24, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Endeavor Class A common stock during the specified Class Period [2]. - The Complaint alleges that Defendants made materially false and misleading statements regarding the fairness of a take-private merger and the $27.50-per-share Merger Consideration [3]. - It is claimed that Defendants orchestrated a scheme to disadvantage minority shareholders while insiders benefited from rollovers and other advantages [3][6]. Group 2: Allegations Against Defendants - Defendants are accused of structuring the merger to disadvantage minority shareholders by rejecting a "majority-of-the-minority" vote and closing the transaction through controller written consent [6]. - The merger included a fixed cash-out consideration of $27.50 without any collar or contingent value rights, and insiders received a minimal dividend [6]. - A misleading Information Statement was disseminated on January 15, 2025, which misrepresented the fairness and best interests of unaffiliated shareholders, relying on outdated fairness opinions [6]. Group 3: Next Steps for Investors - Investors who suffered losses in Endeavor have until March 18, 2026, to request to be appointed as lead plaintiff in the case [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only recover costs if successful [5].