HomeFed Corporation (HOFD) Information Request Form

Levi & Korsinsky, LLP has commenced an investigation into the fairness of the purchase of the minority stockholders’ stake in HomeFed by Jefferies Financial Group Inc (NYSE: JEF). Jeffries already owns approximately 70% of Homefed and is seeking to buy out the remaining 30% of Homefed’s stock.  On April 15, 2019, it was announced that Jefferies would purchase HomeFed’s minority interest, subject to a majority-of-the-minority approval and was offering HomeFed stockholders a combination of cash and stock. Then, on May 2, 2019, HomeFed filed an 8-K with the SEC announcing that the merger has been amended. Under the terms of the modified transaction, if approved, HomeFed shareholders would receive 2.0 shares of Jefferies common stock for each share of HomeFed common stock they own at the time of consummation. ling to adequately shop the Company before agreeing to enter into this transaction, and whether Jefferies is underpaying for HomeFed shares, thus unlawfully harming HomeFed shareholders. Jefferies already owns a 70% interest in HomeFed.

The HomeFed merger investigation concerns whether the Board of HomeFed breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Jefferies Financial Group Inc. is underpaying for HomeFed shares, thus unlawfully harming HomeFed shareholders. Jefferies already owns a 70% interest in HomeFed.