Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of ZAIS Group Holdings, Inc. (“ZAIS” or the “Company”) (NASDAQCM: ZAIS) to Z Acquisition LLC. ZAIS’ CIO and Chairman of the Board, Christian Zugel, is the sole managing member of Z Acquisition. Under the terms of the agreement, ZAIS shareholders will receive $4.10 for each share of ZAIS stock they own.
The investigation concerns whether the Board of ZAIS breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Z Acquisition LLC is underpaying for ZAIS shares, thus unlawfully harming ZAIS shareholders.
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