NEW YORK, June 16, 2022 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the directors of Hemisphere Media Group, Inc. (“Hemisphere”) (NASDAQ: HMTV) breached their fiduciary duties to its shareholders in approving a buyout by a subsidiary of Gato Investments LP (“Gato”) for inadequate consideration. If you are a Hemisphere shareholder, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com.
Scott+Scott is investigating whether Hemisphere’s board of directors failed to maximize the value of Hemisphere for the benefit of Hemisphere’s shareholders in connection with its announced buyout by Gato, a portfolio investment of Searchlight Capital Partners, L.P., in breach of their fiduciary duties to Hemisphere’s shareholders, and whether Hemisphere’s shareholders have suffered damages as a result.
On May 9, 2022, Hemisphere announced it had reached an agreement to be bought out by Gato for $7.00 per share.
What You Can Do
If you are a Hemisphere shareholder, you may have legal claims against Hemisphere’s directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at 844-818-6982 or jpettigrew@scott-scott.com.
About Scott+Scott
Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.
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CONTACT:
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
600 W. Broadway, Suite 3300, San Diego, CA 92101
844-818-6982
jpettigrew@scott-scott.com
