Investors of Poshmark Stock Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation Regarding NAVER's Buyout of POSH
ACCESS Newswire
21 Nov 2022, 21:43 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, [email protected], [email protected], 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
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of The US News 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 The US News.
More InformationBitcoin soars to a record on Trump policies, institutional demand
NEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...
Huawei eyes new buyers for AI chips amid U.S. export curbs
SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
U.S. food prices at risk as Brazil tariff hits key imports
LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...
WK Kellogg sold to Ferrero as food giants chase shelf power
BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
Filmmaker joins biotech effort to bring back extinct giant bird
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
India seeks WTO nod for retaliatory tariffs on US
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
Bitcoin soars to a record on Trump policies, institutional demand
NEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...
Huawei eyes new buyers for AI chips amid U.S. export curbs
SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
U.S. food prices at risk as Brazil tariff hits key imports
LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...
WK Kellogg sold to Ferrero as food giants chase shelf power
BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
Filmmaker joins biotech effort to bring back extinct giant bird
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
India seeks WTO nod for retaliatory tariffs on US
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
