Investigation of Potential Action Concerning Stonegate Mortgage Corporation (NYSE: SGM)
Kessler Topaz Meltzer & Check, LLP is investigating a potential shareholder action on behalf of current shareholders of Stonegate Mortgage Corporation (“Stonegate”).
About Stonegate Mortgage Corp.
Stonegate, a non-bank mortgage company, focuses on originating, financing, and serving residential mortgage loans in the United States.
Alleged Wrongful Conduct
Kessler Topaz Meltzer & Check, LLP is investigating potential breaches of fiduciary duties by members of Stonegate’s Board of Directors, which may have caused harm to the company and its shareholders.
Specifically, on January 27, 2017, Stonegate announced that it had signed an agreement to be acquired by Home Point Financial Corp. for $8.00 per share in cash. Our investigation concerns whether Stonegate’s 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 Stonegate (NYSE: SGM) and would like to learn more about our investigation, please fill out our online form or contact us today at 888-299-7706 or firstname.lastname@example.org.