Cases
Stonegate Mortgage Corporation (NYSE: SGM)
Merger
Overview
Overview
- Date:
- 3/13/2017
- Company Name:
- Stonegate Mortgage Corporation
- Stock Symbol:
- SGM
- Company Name - Buyer:
- Home Point Financial corporation
- Class Period:
- FROM 3/8/2017
- Status:
- Closed/Complete
- Merger Announcement Date:
- 1/27/2017
- Court:
- U.S. District Court: Northern Ohio
NEW YORK, March 13, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Northern District of Ohio on behalf of all persons or entities who held Stonegate Mortgage Corporation (NYSE: SGM) securities on March 8, 2017 (the “Class Period”).
On January 27, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Home Point Financial Corporation will acquire Stonegate Mortgage Corporation in a deal. As a result of the merger, Stonegate shareholders are only anticipated to receive $8.00 in cash for each share of Stonegate common stock.
The Complaint alleges that the Company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Stonegate securities during the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On January 27, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Home Point Financial Corporation will acquire Stonegate Mortgage Corporation in a deal. As a result of the merger, Stonegate shareholders are only anticipated to receive $8.00 in cash for each share of Stonegate common stock.
The Complaint alleges that the Company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Stonegate securities during the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.