PORTLAND, Ore., July 30, 2015 /PRNewswire/ -- The $115 per share buyout of StanCorp Financial Group
(NYSE: SFG) prompted a shareholder investigation into the SFG board
by Dunnam & Dunnam securities lawyers. Concerned SFG investors
are encouraged to contact attorney Hamilton Lindley by clicking
here.
According to securities lawyers at the firm, this proposed
acquisition appears to be driven by an unfair process through which
SFG's officers and directors can seek to "cash in" their illiquid
StanCorp holdings, reaping $129
million from the acquisition. Further, SFG appears to be
performing very well, representing an increase of 58%
year-over-year, compared to a 1.2 percent drop in the industry. The
firm's shareholder class action lawsuit seeks to ensure that the
highest value is obtained by stockholders—both in terms of price
and information.
Dunnam & Dunnam has significant experience representing
shareholders in securities lawsuits nationwide. SFG stockholders –
or anyone with knowledge about this situation – should contact
lawyer Hamilton Lindley at hlindley@dunnamlaw.com with questions,
toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/SFG/.
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SOURCE Dunnam & Dunnam