& Long, P.A. announces that it has filed a class action
complaint in the United States District Court for the Northern District
of Texas on behalf of holders of Nationstar Mortgage Holdings Inc.
(“Nationstar”) (NYSE: NSM) common stock in connection with the proposed
acquisition of Nationstar by WMIH Corp. and its affiliate (“WMIH”)
announced on February 13, 2018 (the “Complaint”). The Complaint, which
alleges violations of the Securities Exchange Act of 1934 against
Nationstar, its Board of Directors (the “Board”), and WMIH, is captioned Franchi
v. Nationstar Mortgage Holdings Inc., Case No. 3:18-cv-01170 (N.D.
If you wish to discuss this action or have any questions concerning this
notice or your rights or interests, please contact plaintiff’s counsel,
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky
& Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, DE
19801, by telephone at (888) 969-4242, by e-mail at email@example.com,
or at http://rigrodskylong.com/contact-us/.
On February 12, 2018, Nationstar entered into an agreement and plan of
merger (the “Merger Agreement”) with WMIH. Pursuant to the terms of the
Merger Agreement, shareholders of Nationstar will receive either $18.00
in cash or 12.7793 shares of WMIH common stock for each share of
Nationstar stock they own (the “Proposed Transaction”).
Among other things, the Complaint alleges that, in an attempt to secure
shareholder support for the Proposed Transaction, defendants issued
materially incomplete disclosures in a Form S-4 Registration Statement
(the “Registration Statement”) filed with the United States Securities
and Exchange Commission. The Complaint alleges that the Registration
Statement omits material information with respect to, among other
things, Nationstar’s and the combined company’s financial projections,
the analyses performed by Nationstar’s financial advisors, and potential
conflicts of interest. The Complaint seeks injunctive and equitable
relief and damages on behalf of holders of Nationstar common stock.
If you wish to serve as lead plaintiff, you must move the Court no later
than July 30, 2018. A lead plaintiff is a representative party acting on
behalf of other class members in directing the litigation. Any member of
the proposed class may move the Court to serve as lead plaintiff through
counsel of their choice, or may choose to do nothing and remain an
absent class member.
& Long, P.A., with offices in Wilmington, Delaware, Garden City,
New York, and San Francisco, California, has recovered hundreds of
millions of dollars on behalf of investors and achieved substantial
corporate governance reforms in numerous cases nationwide, including federal
securities fraud actions, shareholder class actions, and shareholder
Attorney advertising. Prior results do not guarantee a similar outcome.
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