Archived Investigations
Focus Financial Partners Inc. (NasdaqGS: FOCS)
Company Name:Focus Financial Partners Inc.
Stock Symbol:NasdaqGS: FOCS
Court:District of Delaware
Filing Deadline:The deadline has passed.
January 6, 2024
Focus Financial and certain of its executives are charged with failing to disclose material information leading up to the Merger by, among other things, omitting that they failed to adequately solicit potential strategic acquirors and misrepresenting the nature and scope of the negotiating process, violating federal securities laws.
On February 27, 2023, the Company announced it had entered into a merger agreement to be acquired by private equity firm, Clayton, Dubilier & Rice, LLC for $53.00 per share (the “Merger”). The stockholder vote on the Merger was held on July 14, 2023, and the transaction was completed on August 31, 2023.
The case is AltShares Event-Driven ETF v. Focus Financial Partners, Inc., No. 1:23-cv-01466