Entwistle & Cappucci LLP and Saxena White P.A. File a Securities Class Action Complaint Against Focus Financial Partners Inc. - Seite 2

Moreover, while Defendants portrayed a robust arm’s-length negotiating process overseen by a purportedly “independent and disinterested” special committee of the Focus Board (the “Special Committee”), the Special Committee members were allegedly not disinterested nor independent given the personal financial windfall they received under the Merger. The complaint further alleges that the Special Committee’s financial advisor on the Merger, Goldman Sachs & Co. LLC, suffered from numerous conflicts of interest that served to limit the pool of potential acquirors considered by the Special Committee. As alleged in the complaint, the belated proxy supplement issued a mere six business days before the shareholder vote on the Merger also did not cure Defendants’ misstatements.

If you are a member of the Class and were damaged by the conduct alleged in this Action, you may be able to seek appointment as lead plaintiff. If you wish to serve as a lead plaintiff in this matter, you must file a motion with the Court no later than March 4, 2024. The lead plaintiff is a Court-appointed representative for absent members of the Class. Any member of the proposed Class may move the Court to serve as a lead plaintiff through counsel of their choice, or they may choose to do nothing and remain a member of the Class. If you are a Class member and there is a recovery for the Class, you can share in that recovery as an absent Class member.

If you wish to discuss this Action or have any questions concerning this notice or your rights or interests, please contact: Robert N. Cappucci, Esq. or Jonathan H. Beemer, Esq. of Entwistle & Cappucci at [phone] or via e-mail at [e-mail] or [e-mail], or Thomas Curry, Esq. of Saxena White at [phone] or via email at [e-mail].

About Entwistle & Cappucci

Entwistle & Cappucci is a national law firm providing exceptional legal representation to clients in the most complex and challenging legal matters. Our practice encompasses all areas of litigation, corporate transactions, bankruptcy, insurance, corporate investigations and white-collar defense. Our clients include public and private corporations, major hedge funds, public pension funds, governmental entities, leading institutional investors, domestic and foreign financial services companies, emerging business enterprises and individual entrepreneurs.

About Saxena White

Saxena White, with offices in Florida, New York, California and Delaware, is a leading national law firm focused on prosecuting securities class actions and other complex litigation on behalf of injured investors. Currently serving as lead counsel in numerous securities fraud class actions nationwide, Saxena White has recovered billions of dollars on behalf of injured investors.

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The Focus Financial Partners Registered (A) Stock at the time of publication of the news with a raise of 0,00 % to 48,50USD on Lang & Schwarz stock exchange (31. August 2023, 07:19 Uhr).