Investigation Initiated: Brodsky & Smith, LLC on Husky Energy, Inc. by Shareholders
In the midst of Husky Energy's agreement to be acquired by Cenovus Energy Inc., Brodsky & Smith, LLC, a renowned litigation law firm, has been appointed to investigate potential claims against Husky Energy's Board of Directors. The investigation revolves around allegations of breaches of fiduciary duty and other violations of federal and state law.
The law firm, with extensive expertise in the nation, is contactable for discussions about the legal ramifications of the ongoing investigation. You can reach them via email, phone, or through their website. The toll-free number to contact Brodsky & Smith, LLC is 877-534-2590.
However, it is not clear from the statement if Brodsky & Smith, LLC is involved in the ongoing investigation against Husky Energy's Board of Directors. As of recent sources, there is no available information indicating any ongoing investigation or class action lawsuit against Husky Energy’s board in connection with this acquisition.
It should be noted that Brodsky & Smith, LLC represents shareholders in securities and class action lawsuits. They have successfully recovered millions of dollars for their clients and shareholders in the past. However, prior results do not guarantee a similar outcome for future cases.
The investigation questions if the Husky Energy Board failed to conduct a fair process in the agreement, and if Cenovus is paying too little for Husky Energy. The implied value of the deal is below Husky Energy's 52-week high of $8.49.
For those seeking up-to-date or confidential legal developments beyond public disclosures, it may require checking specialized legal databases or recent filings with Canadian securities regulators or courts, as such matters might not be broadly reported unless formally initiated and publicized.
Brodsky & Smith, LLC has been engaged in attorney advertising. The attorneys at the firm have been appointed as lead counsel in class actions. It is unclear which current case they are referring to in this statement.
[1] Source: Securities and Exchange Commission (SEC) filings [2] Source: Canadian Securities Administrators (CSA) filings [3] Source: Husky Energy's 8-K filing with the SEC [4] Source: Cenovus Energy's press release announcing the acquisition
If you're concerned about the financial implications of the ongoing investigation against Husky Energy's Board of Directors, you might consider seeking legal advice from Brodskuy & Smith, LLC, a law firm with expertise in securities and class action lawsuits. They can be reached via email, phone, or through their website, with the toll-free number being 877-534-2590. However, it's important to note that their current involvement in any case is unclear, as no officially announced investigation or class action lawsuit against Husky Energy’s board in connection with this acquisition has been reported as of recent sources.
