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Investigation of Potential Action Concerning Fortress Investment Group LLC (NYSE: FIG)

Kessler Topaz Meltzer & Check, LLP is investigating a potential shareholder action on behalf of current shareholders of Fortress Investment Group LLC (“Fortress”).

About Fortress Investment Group LLC

Fortress is a publicly-owned investment manager. The firm provides its services to pooled investment vehicles, pension and profit sharing plans, corporations, institutional managed accounts and structured products, banking or thrift institutions, investment companies, charitable organizations, and state or municipal government entities.

Alleged Wrongful Conduct

Kessler Topaz Meltzer & Check, LLP is investigating potential breaches of fiduciary duties by members of Fortress’ Board of Directors, which may have caused harm to the company and its shareholders. 

Specifically, on February 14, 2017, Fortress announced that it had signed an agreement to be acquired by SoftBank for $8.08 per share in cash.  Our investigation concerns whether Fortress’ Board of Directors fulfilled its fiduciary duties to obtain full and fair consideration for the company’s stockholders and is properly disclosing all material information about the transaction.

If you currently own shares of Fortress Investment Group LLC (NYSE: FIG) and would like to learn more about our investigation, please fill out our online form or contact us today at 888-299-7706 or info@ktmc.com.