SHAREHOLDER ALERT: WeissLaw LLP Investigates HomeFed Corporation

NEW YORK, April 23, 2019 /PRNewswire/ -- WeissLaw LLP  is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of HomeFed Corporation ("HOFD" or the "Company") HOFD in connection with the proposed acquisition of the Company by Jefferies Financial Group ("JEF") JEF.  Under the terms of the agreement, shareholders of HOFD can elect to receive either $38.00 in cash, or two JEF shares subject to a downward adjustment.

If you own HOFD shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:

Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

Visit our website
http://www.weisslawllp.com/homefed-corporation/

Or follow us on Twitter @MarketsAlert

WeissLaw is investigating whether HOFD's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, HOFD shares traded for $50.00, or $12 above the cash consideration, as recently as November.   

Given these facts, WeissLaw is concentrating its investigation on whether HOFD's Board conducted a fair process in agreeing to the proposed acquisition, whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.   

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

SOURCE WeissLaw LLP