Business

New Senior Investment (SNR), Hall of Fame Resort & Entertainment (HOFV), HealthCor Catalio Acquisition (HCAQ), And Washington Prime (WPG) are Back in the News

New Senior Investment Group Inc (NYSE: SNR) is under legal investigation by law firm Bragar Eagel & Squire, P.C. The investigation aims to understand if the company’s board members have violated the federal securities laws have breached their fiduciary duties. The legal investigation connected with the company’s acquisition by Ventas, Inc. (NYSE: VTR). Bragar Eagel & Squire has raised concerns if the board of directors at New Senior’s group adopted an unfair practice. In addition, the law firm is probing if the company’s board of directors settled for a preliminary merger agreement.

Hall of Fame Resort & Entertainment Co (NASDAQ: HOFV) shares disappoint investors

Hall of Fame Resort & Entertainment Co (NASDAQ: HOFV) stakeholders are disappointed as the respective share has not lived up to the investors’ expectations. The share has been listed for many years, and in a short period, the share price has plunged 61%. In the last three months alone, the share price of the company was down 26%. 

HealthCor Catalio Acquisition Corp (NASDAQ: HCAQ) under legal investigation

HealthCor Catalio Acquisition Corp (NASDAQ: HCAQ) is under legal investigation by the Law Office of Brodsky & Smith. The law firm announced that its team is investigating claims made against the company’s board of directors. It is alleged that the board of directors could be involved in possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement. In addition, in a bid to determine if the HealthCor Catalio Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company, the matter is under investigation. 

Washington Prime Group Inc (NYSE: WPG) under legal trouble 

Washington Prime Group Inc (NYSE: WPG) is under the legal scanner of Portnoy Law Firm. It conveyed to investors that the law firm filed a class-action lawsuit against the company on behalf of investors. In this class action filed against the company, it is alleged that Washington Prime Group Inc made materially misleading and/or false statements throughout the Class Period, besides failing to disclose material adverse facts regarding its business, operations, and prospects.

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