SAN DIEGO, — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”) breached their fiduciary duties in connection with the proposed sale of the Company to WMIH Corp. (NASDAQ: WMIH) (“WMIH”).
The investigation concerns whether the Nationstar board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Nationstar shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given the Company’s projected revenue and earnings growth and one Wall Street analyst has a $23.00 price target on the stock. The 52–week high for Nationstar was $20.71.
If you are a shareholder of Nationstar and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker([email protected]) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.