OAK - UNITHOLDER ALERT: WeissLaw LLP Investigates Oaktree Capital Group LLC
NEW YORK, March 29, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Oaktree Capital Group LLC ("OAK" or the "Company") (NYSE: OAK) in connection with the proposed transaction under which terms Brookfield Asset Management Inc ("Brookfield") will acquire approximately 62% of the Company.
If you own OAK units and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
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http://www.weisslawllp.com/oaktree-capital-group-llc/
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WeissLaw is investigating whether OAK's Board acted to maximize unitholder value prior to entering into the agreement. Notably, Brookfield will acquire all outstanding OAK class A units, at the election of unitholders, for either $49.00 in cash or 1.077 Brookfield class A shares.
Moreover, according to the acquisition announcement, the deal is a strategic transaction which Brookfield hopes will broaden its product offerings. The transaction is also expected to be accretive Brookfield on a per share basis.
Given these facts, WeissLaw is concentrating its investigation on whether OAK's Board conducted a fair process in agreeing to the proposed acquisition, whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
SOURCE WeissLaw LLP