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Redfin (RDFN) ALERT: Johnson Fistel Investigates Proposed Sale of Redfin to Rocket Companies
GlobeNewswire News Room· 2025-03-10 19:41
Group 1 - Johnson Fistel, LLP has initiated an investigation into the board members of Redfin Corporation regarding potential breaches of fiduciary duties related to the proposed sale to Rocket Companies [1][3] - Redfin has entered into a definitive merger agreement with Rocket Companies, where shareholders will receive a fixed exchange ratio of 0.7926 shares of Rocket Companies common stock for each share of Redfin, equating to approximately $12.50 per share based on Rocket's closing stock price on March 7, 2025 [2] - The investigation focuses on whether the Redfin board adequately explored alternatives to the acquisition and secured the best possible price for Redfin shares [3] Group 2 - Johnson Fistel, LLP is a recognized shareholder rights law firm with multiple offices across the United States, representing both individual and institutional investors in shareholder derivative and securities class action lawsuits [4]
Johnson Fistel Launches Investigation into Ultra Clean Holdings, Inc. for Potential Securities Law Violations
Globenewswire· 2025-03-10 14:25
Core Viewpoint - Johnson Fistel, LLP is investigating Ultra Clean Holdings, Inc. for potential violations of securities laws related to misrepresentation or failure to disclose information to investors, focusing on investor losses and recovery options under federal securities laws [1][4]. Company Performance - On February 24, 2025, Ultra Clean reported its financial results for Q4 and full-year 2024, acknowledging a slowdown in its "in China, for China" business, which is expected to lead to flat or declining performance in the first half of 2025 [4]. - The company attributed the slowdown to weaker demand, longer qualification times, and excess inventory from semiconductor and semiconductor capital equipment customers [4]. - Despite these challenges, Ultra Clean stated it can still supply Chinese semiconductor customers on the restricted export list by producing and engineering products within China [4].