Harwood Feffer LLP Announces Investigation of MicroFinancial Incorporated
Dec 15, 2014
NEW YORK, Dec. 15, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of MicroFinancial Incorporated ("MicroFinancial" or the "Company") (NASDAQ: MFI) concerning the proposed acquisition of the Company by funds managed by Fortress Investment Group LLC ("Fortress").
Under the terms of the transaction, the Fortress would purchase MicroFinancial in a transaction valued at approximately $147 million. MicroFinancial shareholders would receive $10.20 in cash per share owned.
Our investigation concerns whether the MicroFinancial board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own MicroFinancial0 shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Craig Lowther
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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