NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of NewStar Financial, Inc. (NASDAQ:NEWS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to First Eagle Investment Management. Under the terms of the deal, NewStar shareholders will receive a contingent value right and $11.44 in cash per share; this represents a value of approximately $12.32 to $12.44 per share.
The investigation concerns whether the NewStar Board of Directors breached their fiduciary duties to NewStar stockholders by failing to adequately shop the Company before entering into this transaction and whether First Eagle is underpaying for NewStar shares, thus unlawfully harming NewStar stockholders.
If you own common stock in NewStar and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/NEWS-Info-Request-Form-1713.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.