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$MCW Alert: Mister Car Wash, Inc. Board Investigated for Breaches of Fiduciary Duties – Current Shareholders Reminded to Contact BFA Law
Globenewswire· 2026-02-23 12:07
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Mister Car Wash, Inc. and its controlling stockholder, LGP, for potential breaches of fiduciary duties related to a proposed take-private sale at $7 per share, which may be considered unfair to public stockholders [1][3][6]. Group 1: Investigation Details - The investigation was prompted by Mister Car Wash's announcement on February 18, 2026, regarding its agreement to be acquired by Leonard Green & Partners, L.P. (LGP) for $7.00 per share, which may be viewed as an unfairly low price [3]. - LGP holds over 66% of Mister Car Wash's common stock, allowing it to exert significant control over corporate decisions, including mergers and sales [4]. - LGP has already approved the take-private sale using its shares and does not intend to seek further votes from public stockholders, raising concerns about potential conflicts of interest [5]. Group 2: Legal Implications - The investigation aims to determine if Mister Car Wash's board of directors and LGP have violated their fiduciary duties to the company's stockholders in relation to the proposed transaction [6]. - Current shareholders of Mister Car Wash are encouraged to seek additional information and may have legal options available to them [2][7].
Mister Car Wash, Inc. ($MCW) Shareholders Notified to Contact BFA Law About Its Pending Investigation into the $7 per Share Take Private Transaction
TMX Newsfile· 2026-02-22 11:07
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Mister Car Wash, Inc.'s board of directors and its controlling stockholder, LGP, for potential breaches of fiduciary duties to shareholders related to a proposed take-private sale at $7 per share, which may be considered unfairly low [1][3][6]. Group 1: Investigation Details - The investigation was prompted by Mister Car Wash's announcement on February 18, 2026, regarding its agreement to be acquired by Leonard Green & Partners, L.P. (LGP) for $7.00 per share, raising concerns about the fairness of the price offered to stockholders [3]. - LGP, owning over 66% of Mister Car Wash's common stock, has significant control over corporate decisions, including the approval of mergers and sales, which may lead to conflicts of interest [4]. - LGP has already utilized its majority shares to approve the take-private sale without seeking further votes from public stockholders, potentially incentivizing a low sale price [5]. Group 2: Legal Implications - Bleichmar Fonti & Auld LLP is assessing whether the actions of Mister Car Wash's board and LGP constitute breaches of fiduciary duties to the public stockholders in light of the proposed transaction [6]. - Current shareholders of Mister Car Wash are encouraged to seek additional information and may have legal options available to them [2][7].
$MCW Stock Notice: Mister Car Wash, Inc. Hit with Investigation After Take Private Offer Announced – Current Shareholders Urged to Contact BFA Law
Globenewswire· 2026-02-21 11:23
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Mister Car Wash, Inc.'s board of directors and its controlling stockholder, LGP, for potential breaches of fiduciary duties related to a proposed take-private sale at $7 per share, which may be considered unfair to public stockholders [1][3][6]. Group 1: Investigation Details - The investigation was prompted by Mister Car Wash's announcement on February 18, 2026, regarding its agreement to be acquired by Leonard Green & Partners, L.P. (LGP) for $7.00 per share, which may be an unfairly low price [3]. - LGP owns over 66% of Mister Car Wash's common stock, allowing it to exert significant control over corporate decisions, including mergers and sales [4]. - LGP has already used its majority shares to approve the take-private sale without seeking further votes from public stockholders, raising concerns about potential conflicts of interest [5]. Group 2: Legal Implications - The investigation aims to determine if Mister Car Wash's board and LGP have breached their fiduciary duties to the public stockholders in connection with the proposed transaction [6]. - Current shareholders of Mister Car Wash are encouraged to seek additional information and may have legal options available to them [2][7].
The Law Offices of Frank R. Cruz Announces Investigation of Inspire Medical Systems, Inc. (INSP) on Behalf of Investors
Businesswire· 2026-01-22 20:36
Core Viewpoint - The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Inspire Medical Systems, Inc. regarding possible breaches of fiduciary duties to shareholders [1] Group 1 - Inspire Medical Systems disclosed on August 4, 2025, that the launch of its new sleep apnea device, the Inspire V, is facing an "elongated timeframe" due to several issues [1]
GRND STOCK: Grindr Inc. Board Investigated for Breaches of Fiduciary Duties after $18 Deal Announced – Shareholders Notified to Contact BFA Law
Globenewswire· 2025-11-19 13:08
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 per share [3]. - There is no indication that the final deal will require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. Group 2: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur court costs or litigation expenses [6].
GES SECURITIES ALERT: Guess?, Inc. $16.75 Merger with Authentic Brands Triggers Investigation - Shareholders Notified to Contact BFA Law
Newsfile· 2025-11-10 11:08
Core Viewpoint - An investigation has been initiated into Guess?, Inc. regarding potential breaches of fiduciary duties by its board of directors and executive officers in connection with the company's pending sale to Authentic Brands Group LLC for $16.75 per share [2][6]. Company Overview - Guess is a fashion retailer with a global presence, operating over 1,500 retail stores and distribution operations in approximately 100 countries. The company was founded in 1981 by the Marciano family, who retain significant ownership [4]. Merger Details - The merger involves Paul Marciano and other investors negotiating to rollover their ownership in Guess, allowing them to own up to 49% of the new intellectual property holding company and 100% of the operating company post-closing [5]. Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether the board of directors, executive officers, and stockholders involved in the rollover have breached their fiduciary duties to shareholders in relation to the merger [6].
JAMF SECURITIES NOTICE: Jamf Holding Corp. Shareholders are Notified to Contact BFA Law about its Investigation into the $13.05 Take Private Sale
Newsfile· 2025-11-08 11:09
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Jamf Holding Corp.'s board of directors for potential breaches of fiduciary duties related to a proposed take-private sale at $13.05 per share, which may be considered unfair to shareholders [2][4]. Group 1: Investigation Details - The investigation was prompted by Jamf's announcement on October 29, 2025, regarding its agreement to be acquired by Francisco Partners Management, L.P. for $13.05 per share, which may be viewed as an unfairly low offer [4]. - Vista Equity Partners owns 34.4% of Jamf's outstanding stock and has the right to appoint four out of nine board members, raising concerns about conflicts of interest in the transaction [5]. - The Jamf board did not form an independent special committee to assess the acquisition, and Vista has not been excluded from the stockholder vote on the deal [5][6]. Group 2: Legal Options for Shareholders - Current shareholders of Jamf are encouraged to seek additional information and may have legal options available to them regarding the proposed transaction [3][7]. - Bleichmar Fonti & Auld LLP operates on a contingency fee basis, meaning shareholders will not incur costs for court expenses or litigation [7].
GES SECURITIES ALERT: Guess?, Inc. $16.75 Merger with Authentic Brands Triggers Investigation – Shareholders Notified to Contact BFA Law
Globenewswire· 2025-11-07 13:36
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Guess?, Inc.'s board of directors and executive officers for potential breaches of fiduciary duties to shareholders related to its pending sale to Authentic Brands Group LLC for $16.75 per share [1]. Company Overview - Guess is a fashion retailer with over 1,500 directly operated retail stores and distribution operations in approximately 100 countries, founded in 1981 by the Marciano family [3]. - Paul Marciano, one of the founders, remains on the Board and serves as the Chief Creative Officer [3]. Transaction Details - The Marciano family and other investors have negotiated to rollover their ownership in Guess to own up to 49% of the new intellectual property holding company and 100% of the operating company post-closing [4]. Legal Investigation - BFA Law is investigating whether the board of directors, executive officers, and/or stockholders involved in the rollover have breached fiduciary duties to shareholders in connection with the merger [5].
GES INVESTOR REMINDER: Guess?, Inc. Shareholders may have Rights in the Upcoming Authentic Brands Merger -- Contact BFA Law
Globenewswire· 2025-11-03 13:36
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Guess?, Inc.'s board of directors and executive officers for potential breaches of fiduciary duties to shareholders related to its pending sale to Authentic Brands Group LLC for $16.75 per share [1]. Company Overview - Guess is a fashion retailer with over 1,500 directly operated retail stores and distribution operations in approximately 100 countries, founded in 1981 by the Marciano family [3]. - Paul Marciano, one of the founders, remains on the Board and serves as the Chief Creative Officer [3]. Transaction Details - Paul Marciano and other investors have negotiated to rollover their ownership in Guess to own up to 49% of the new intellectual property holding company and 100% of the operating company post-closing [4]. Investigation Focus - The investigation by BFA Law centers on whether Guess' board, executive officers, and stockholders involved in the rollover have breached fiduciary duties to shareholders in connection with the merger [5].
CVS INVESTIGATION: Bragar Eagel & Squire, P.C. Continues Investigation into CVS Health Corporation on Behalf of Long-Term Stockholders and Urges Investors to Contact the Firm
Globenewswire· 2025-10-16 21:23
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against CVS Health Corporation due to allegations of misleading statements and financial mismanagement during a specified class period [2][3]. Summary by Sections Investigation Background - A class action complaint was filed against CVS on July 12, 2024, concerning actions taken between May 3, 2023, and April 30, 2024, focusing on potential breaches of fiduciary duties by CVS's board of directors [2]. Allegations - The complaint alleges that CVS made materially false and misleading statements regarding its business operations and compliance policies, including: - Ineffective forecasts for plan premiums that did not account for medical cost trends and healthcare utilization [3]. - Significant unaccounted expenses leading to overstated profitability in the Health Care Benefits segment [3]. - Insufficient revenues from other segments to offset financial impacts from increasing expenditures in the Health Care Benefits segment [3]. Financial Performance and Stock Impact - On August 2, 2023, CVS revised its diluted EPS guidance from $6.90-$7.12 to $6.53-$6.75, reporting a $1.4 billion (30.7%) decrease in operating income for the quarter ended June 30, 2023, primarily due to declines in the Health Care Benefits segment [3]. - Following this announcement, CVS's stock price fell by $2.04 (2.73%) to close at $72.32 on August 3, 2023 [3]. - On November 1, 2023, CVS again reduced its diluted EPS guidance to $6.37-$6.61, citing ongoing issues in the Health Care Benefits segment [3]. - On February 7, 2024, CVS revised its EPS guidance to at least $7.06 from at least $7.26, with adjusted EPS guidance lowered to at least $8.30 from at least $8.50, leading to a stock price drop of $0.96 (1.27%) to $74.36 on February 8, 2024 [3]. - On May 1, 2024, CVS reported $88.4 billion in revenue, missing expectations, and revised its full-year 2024 guidance significantly downward, resulting in a stock price decline of $11.40 (16.84%) to $56.31 [3]. Next Steps for Investors - Long-term stockholders of CVS are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and potential claims [4].