Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Broadway Financial Corporation - BYFC


NEW YORK, Aug. 31, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Broadway Financial Corporation ("Broadway Financial" or the "Company") (Nasdaq: BYFC) relating to its merger with CFBanc Corporation. Under the terms of the agreement, CFBanc shareholders will receive 13.626 shares of Broadway Financial common stock for each share of CFBanc common stock they own, resulting in Broadway Financial stockholders owning 52.5% and CFBanc shareholders owning 47.5% of the combined company. 

The investigation focuses on whether Broadway Financial Corporation and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process and 2) whether and by how much this proposed transaction undervalues the Company.

Click here for more information: https://www.monteverdelaw.com/case/broadway-financial-corporation. It is free and there is no cost or obligation to you.

About Monteverde & Associates PC

We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing.  Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field.  He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer.  Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019).  Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.

If you own stock in Broadway Financial Corporation and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Cell: (646) 522-4840

Attorney Advertising. (C) 2020 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

SOURCE Monteverde & Associates PC


These press releases may also interest you

at 07:15
VSBLTY Groupe Technologies Corp. ("VSBLTY"), a leading provider of security and retail marketing technology, today announced that it has partnered with Branding Global, a Latin American comprehensive advertising network operator, to deploy a...

at 07:15
Care Value, Inc., ("CareValue"), based in Canandaigua, New York, has announced that they will be offering EmblemHealth and ConnectiCare Medicare products for online enrollments on MedicareValue.com. MedicareValue, owned by CareValue, is a compliant,...

at 07:13
Bioservo Technologies AB has signed a distribution agreement with G-Hoo Corporation Inc for selling Ironhand® in South Korea. G-HOO has during the last 20 years played a pivotal role in the Korean automotive industry as well as in general...

at 07:10
GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Consumer Cellular, Inc. ("Consumer Cellular" or the "Company")....

at 07:07
Innovative Singapore-based shopping app Wholee Prime (www.wholeeprime.com) continues to see significant growth both in downloads and membership since its August launch. The challenger-app is approaching half-a-million UK downloads on Google Play,...

at 07:05
Garmin Ltd. today announced results for the third quarter ended September 26. Highlights for third quarter 2020 include: Total revenue of over $1.1 billion, a 19% year-over-year increase, led by robust growth in marine, fitness and outdoor...



News published on 31 august 2020 at 11:25 and distributed by: