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WILMINGTON, Del., June 17, 2019 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Sotheby’s (“Sotheby’s” or the “Company”) (NYSE: BID) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by BidFair USA (“BidFair”), an entity wholly owned by media and telecom entrepreneur as well as art collector, Patrick Drahi, in a transaction valued at approximately $3.7 billion. Under the terms of the agreement, shareholders of Sotheby’s will receive $57.00 in cash for each share of Sotheby’s common stock.
If you own common stock of Sotheby’s and purchased any shares before June 17, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and 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 derivative actions.
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