NEW YORK, May 23, 2019 /PRNewswire/ -- Moore Kuehn,
PLLC, a securities law firm located on Wall Street in downtown
New York City, is investigating
potential claims for breach of fiduciary duty involving the
directors and officers of HFF, Inc. (NYSE: HF). On
March 19, 2019, HFF announced a
proposed acquisition of the company by Jones Lang LaSalle
Incorporated ("JLL"). Under the terms of the acquisition
agreement, HFF shareholders will receive 0.1505 shares of JLL stock
and $24.63 in cash for every share of
HFF they own.
To convince HFF shareholders to vote in favor of the proposed
merger, on April 29, 2019, HFF's
Board issued a registration statement. According to a
complaint filed in federal court the registration statement is
materially misleading and/or materially incomplete concerning: (1)
HFF's financial projections; (2) the financial analyses performed
by HFF's financial advisor, Morgan Stanley & Co. LLC, in
connection with its fairness opinion; and (3) the sales process
leading up to the proposed transaction. As a result, HFF
shareholders must be provided with this information in order to
adequately assess and value the merger consideration. The
lawsuit seeks to enjoin the shareholder vote on the proposed
transaction until such information is
disclosed.
Moore Kuehn encourages shareholders of HFF to contact
Justin Kuehn, Esq. by email at
jkuehn@moorekuehn.com or telephone at (212) 709-8245. There
is no cost or obligation to you.
Moore Kuehn is a New York-based
law firm with attorneys representing investors and consumers in
class action litigation involving securities law violations,
financial fraud, breaches of fiduciary duties, and other
claims. For additional information about Moore Kuehn, please
go to
http://www.moorekuehn.com/practice/new-york-securities-litigation/.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
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SOURCE Moore Kuehn, PLLC