ECHO GLOBAL LOGISTICS, INC. MILWAUKEE, Sept. 10, 2021 /PRNewswire/ -- Ademi LLP is investigating Echo Global (Nasdaq: ECHO), for possible breaches of fiduciary duty and other violations of law in its transaction with Jordan Company.
Click here to learn how to join the action: https://www.ademilaw.com/case/echo-global-logistics-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Echo Global's financial outlook and prospects are excellent and yet Echo Global shareholders will receive only $48.25 for each common share of Echo Global, or approximately $1.3 billion. The merger agreement unreasonably limits competing bids for Echo Global by prohibiting solicitation of further bids, and imposing a substantial penalty if Echo Global accepts a superior bid. Echo Global insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Echo Global's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Echo Global.
If you own Echo Global common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/echo-global-logistics-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Guri Ademi
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SOURCE Ademi LLP
