Shareholders Receive Favorable Settlement In Reverse Stock Split Matter

Represented certain former shareholders in litigation arising from a 250,000 to 1 reverse stock split resulting in a squeeze out of certain minority shareholders immediately before the company made payments totaling nearly $190 million to its controlling shareholders. Following several years of litigation, the company paid our clients in excess of 50 times the value their shares were assigned during the reverse stock split.

(Orange County Superior)