MILWAUKEE, May 25, 2022 /PRNewswire/ -- Ademi LLP is investigating StoneMar (NYSE: STON) for possible breaches of fiduciary duty and other violations of law in its transaction with Axar. 

Click here to learn how to join the action: https://www.ademilaw.com/case/stonemor-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi LLP alleges StoneMar's financial outlook and prospects are excellent and yet StoneMar holders will receive only $3.50. The transaction agreement unreasonably limits competing bids for StoneMar by imposing a significant penalty if StoneMar accepts a superior bid. StoneMar insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of StoneMar's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for StoneMar.

If you own StoneMar common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/stonemor-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact

Ademi LLP                                                          
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP