INVESTIGATION ALERT: Halper Sadeh LLP Investigates SVBI, FPRX, MIK, JCS; Shareholders Are Encouraged to Contact the Firm


NEW YORK, March 08, 2021 (GLOBE NEWSWIRE) — Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies:

Severn Bancorp, Inc. (NASDAQ: SVBI) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Shore Bancshares, Inc. Under the terms of the definitive agreement, holders of Severn Bancorp common stock will receive 0.6207 shares of Shore common stock and $1.59 in cash for each share of Severn Bancorp common stock they own. If you are a Severn Bancorp shareholder, click here to learn more about your rights and options.

Five Prime Therapeutics, Inc. (NASDAQ: FPRX) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Amgen Inc. for $38.00 per share in cash. If you are a Five Prime shareholder, click here to learn more about your rights and options.

The Michaels Companies, Inc. (NASDAQ: MIK) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to funds managed by affiliates of Apollo Global Management, Inc. for $22.00 per share in cash. If you are a Michaels shareholder, click here to learn more about your rights and options.

Communications Systems, Inc. (NASDAQ: JCS) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Pineapple Energy, LLC. Upon closing, Communications Systems shareholders are expected to initially hold approximately 37% of the total shares of the combined company, which is expected to decrease over time. If you are a Communications Systems shareholder, click here to learn more about your rights and options.

Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.

Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]