SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Front Yard Residential Corporation to Amherst Residential, LLC is Fair to Shareholders
NEW YORK, NY / ACCESSWIRE / February 20, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Front Yard Residential Corporation ("Front Yard" or the "Company") (NYSE:RESI) stock prior to February 18, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Front Yard to Amherst Residential, LLC ("Amherst Residential"). Under the terms of the merger, Front Yard shareholders will receive $12.50 in cash per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Front Yard merger investigation concerns whether the Board of Front Yard breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Amherst Residential is underpaying for Front Yard shares, thus unlawfully harming Front Yard shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP