Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Jernigan Capital, Inc. (JCAP)
JERNIGAN CAPITAL INC (JCAP)
Last jernigan capital inc earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
investors.jernigancapital.com
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Source: GlobeNewswire
NEW YORK, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York, Case No. 1:20-cv-07160 on behalf of shareholders of Jernigan Capital, Inc. (“Jernigan” or the “Company”) (NYSE:JCAP) who have been harmed by Jernigan’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with the proposed merger of the Company with NexPoint Advisors, L.P. (the “Proposed Transaction”). On August 3, 2020, the Board caused the Company to enter into an agreement and plan of merger under which Jernigan shareholders stand to receive $17.30 in cash for each share of Jernigan stock they own. The complaint alleges that the Form PREM14A Preliminary Proxy Statement filed with the Securities and Exchange Commission violates Sections 14(a) and 20(a) of the Exchange Act because it provides material
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