Stein Mart, Inc.
(NASDAQ CM: SMRT)
Attention investors who purchased shares of Stein Mart, Inc. before January 31, 2020:
Rigrodsky & Long is investigating potential claims against the board of directors of Stein Mart, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to be acquired by an affiliate of Kingswood Capital Management, L.P. for $0.90 per share
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors Stein Mart, Inc. (“Stein Mart” or the “Company”) (NASDAQ CM: SMRT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by an affiliate of Kingswood Capital Management, L.P. (“Kingswood”). Under the terms of the agreement, shareholders of Stein Mart will receive $0.90 in cash for each share of Stein Mart they own.
If you own common stock of Stein Mart and purchased any shares before January 31, 2020, 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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