Investor Rights Law Firm Halper Sadeh LLC Probes SP, PCTI, OLK, and APH for Potential Violations and Fiduciary Breaches

On November 12, 2023, in New York, the notable investor rights law firm Halper Sadeh LLC publicly announced an ongoing investigation into several companies. These companies are being scrutinized for possible breaches of fiduciary duties to shareholders and other violations of federal securities laws. The rights of shareholders are integral to the proper functioning of the broader market, and potential infringements can significantly affect investor trust and company valuations.

Investigation Details

The inquiry by Halper Sadeh LLC encompasses the following transactions:

SP Plus Corporation's sale to Metropolis Technologies, Inc. for $54.00 per share in cash raises questions about the fair treatment of shareholders and whether the board of directors has upheld their fiduciary responsibilities during the negotiation process.

PCTI, otherwise known as PCTEL, Inc., under the spotlight for its sale to Amphenol Corporation at a price of $7.00 per share in cash. PCTEL, recognized for providing critical industrial IoT devices, antenna systems, and test and measurement solutions, is being scrutinized to ensure that the agreed sale serves the best interests of the shareholders.

OLK, Olink Holding AB (publ), which specializes in products and services for life science research institutions, is being investigated concerning its sale to Thermo Fisher Scientific Inc. at $26.00 per common share in cash. The focus lies on whether Olink's shareholders are receiving fair consideration and if the sale aligns with their best interests.

Additionally, Halper Sadeh LLC is examining APH, Amphenol Corporation, a significant provider of electronic components and systems, for potential internal governance issues and fiduciary failures.

Legal Rights and Options for Shareholders

Shareholders who may be affected by these transactions are encouraged to reach out to Halper Sadeh LLC to better understand their rights and explore their legal options. The firm provides consultations free of charge, aiming to assist shareholders worldwide who have been impacted by alleged corporate misconduct and securities fraud.

Halper Sadeh LLC has a history of demanding corporate reform and securing substantial recoveries for defrauded investors. Therefore, they offer their expertise to uphold the legal rights of shareholders and ensure that they are adequately compensated in the event of any proven misconduct.

It is important to note that past results achieved by the firm do not guarantee similar outcomes for current or future cases.

Investigation, Shareholders, Securities