Sep 8 2021
MILWAUKEE, September 8, 2021 / PRNewswire / – Ademi LLP is investigating JMP (NYSE: JMP), for possible breaches of fiduciary duty and other violations of the law in its dealings with citizens.
Click here to find out how to join the action: https://www.ademilaw.com/case/jmp-group-llc or call Guri Ademi toll free at 866-264-3995. There is no cost or obligation for you.
Ademi LLP alleges that JMP’s financial outlook is excellent and yet JMP shareholders will only receive $ 7.50 for each common share of JMP, i.e. approximately $ 149 million. The merger agreement unreasonably restricts competing bids for JMP by prohibiting the solicitation of additional bids and imposing a substantial penalty if JMP accepts a higher bid. JMP insiders will receive millions of dollars as part of the change of control agreements. We investigate the conduct of JMP’s board of directors, and whether it (i) fulfills its fiduciary duties to all shareholders, and (ii) obtains a fair and reasonable price for JMP.
If you own JMP common stock and would like additional information, please contact Guri Ademi either to [email protected] or toll free: 866-264-3995, or https://www.ademilaw.com/case/jmp-group-llc.
We specialize in shareholder disputes regarding buyouts, mergers and individual shareholder rights across the country. For more information, do not hesitate to give us a call. Lawyer advertising. Past results do not guarantee similar results.
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SOURCE Ademi LLP