Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Thursday, October 8, 2015
Faruqi & Faruqi Investigation: AirMedia Group Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of AirMedia Group Inc. (“AirMedia” or the “Company”) (NasdaqGS:AMCN) for potential breaches of fiduciary duties in connection with the sale of the Company to a consortium composed of members of the Company’s management for approximately $360 million in a cash transaction.
The Company’s stockholders will only receive $6.00 for each Company ADS they own. However, at least one analyst has set a price target of $6.90 per ADS.