Investors of Poshmark Stock Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation Regarding NAVER's Buyout of POSH
ACCESSWIRE
22 Nov 2022, 02:13 GMT+10
NEW YORK, NY / ACCESSWIRE / November 21, 2022 - Kehoe Law Firm, P.C. is investigating whether the directors of Poshmark, Inc. ('Poshmark') (NASDAQ:POSH) breached their fiduciary duties in approving a merger with NAVER Corporation ('NAVER') for inadequate consideration.
The investigation concerns whether Poshmark's board of directors failed to maximize the value of Poshmark for the benefit of Poshmark's shareholders in connection with its announced merger with NAVER, in breach of their fiduciary duties to Poshmark's shareholders, and whether Poshmark's shareholders have suffered damages as a result.
On October 3, 2022, Poshmark announced it had reached an agreement to be bought out by NAVER for $17.90 per share. The transaction is valued at approximately $1.2 billion.
POSHMARK SHAREHOLDERS ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR POSHMARK HOLDINGS.
OWNERS OF POSHMARK STOCK ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO DISCUSS THE INVESTIGATION AND FOR A FREE, NO-OBLIGATION EVALUATION OF POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
This press release may constitute attorney advertising.
SOURCE: Kehoe Law Firm, P.C.
View source version on accesswire.com:
https://www.accesswire.com/727550/Investors-of-Poshmark-Stock-Encouraged-to-Contact-Kehoe-Law-Firm-PC--Breach-of-Fiduciary-Duties-Investigation-Regarding-NAVERs-Buyout-of-POSH
Subscribe and Follow
Get a daily dose of North Carolina Daily news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to North Carolina Daily.
More Information
37
℉
To combat shoplifting, stores install more cameras before holiday
LOPS ANGELES, California: To deter shoplifters and thieves during the post-COVID-19-pandemic rush of holiday shoppers this year, many U.S. retailers, ...
U.S. stocks run into heavy weather, Nasdaq slides 59 points
NEW YORK, New York - U.S. stocks ran into heavy weather in a shortened trading session on Friday, a day ...
Majority of US Federal Reserve officials agree to slow rate hikes
WASHINGTON D.C.: According to the minutes from Federal Reserve's meeting held on 1st and 2nd November, a "substantial majority" of ...
California nuclear plant receives funding to remain open
WASHINGTON D.C.: As part of its effort to combat climate change, the Biden administration said it has approved conditional funding ...
Zoom struggles after Covid emergency as value of shares falls 90%
SAN JOSE, California: As it struggles to adjust after the end of the COVID-19 pandemic, shares in Zoom Video Communications ...
Less aggressive Federal Reserve underpins U.S. stock market gains
NEW YORK, New York - U.S. stocks traded higher Friday amid speculation the Federal Reserve will be less aggressive with ...
Six feet of snow falls in western New York for first storm of year
BUFFALO, New York: Just ahead of the busy Thanksgiving holiday week, western New York state was hit by a snowstorm, ...
Driverless taxi service to begin in Los Angeles
LOS ANGELES, California: Lyft and driverless technology firm Motional have announced the joint operation of a robotaxi service for residents ...
Naomi Biden, granddaughter of president, married at White House
WASHINGTON D.C.: Naomi Biden, the 28-year-old granddaughter of U.S. President Joe Biden and first lady Jill Biden, was married on ...
Alleging abuses by Starbucks, 100 US locations see strikes
NEW YORK CITY, New York: Workers at more than 100 U.S. company-owned Starbucks locations held a one-day strike this week ...
Lab-grown meat cleared by US for human consumption
WASHINGTON D.C.: The U.S. Food and Drug Administration (FDA) has announced that, for the first time it has cleared a ...
Northwest Ohio residents on alert after 40,000 minks released
CLEVELAND, Ohio: After vandals broke into a farm and released up to 40,000 minks from their cages this week, thousands ...
