WeissLaw LLP Reminds BFT, RESI, CIT, and ALSK Shareholders About Its Ongoing Investigations

NEW YORK, Dec. 23, 2020 /PRNewswire/ --

If you own shares in any of the companies listed above and would like to discuss our investigations 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

Foley Trasimene Acquisition Corp. II BFT

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Foley Trasimene Acquisition Corp. II BFT in connection with the company's proposed merger with privately-held Paysafe Group Holdings Limited ("Paysafe").  Under the terms of the agreement, BFT will combine with Paysafe via a reverse merger that will result in Paysafe becoming a publicly traded company.  If you own BFT shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/bft/  

Front Yard Residential Corporation RESI

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Front Yard Residential Corporation RESI in connection with the proposed acquisition of the company by a partnership led by Pretium Partners, LLC and Ares Management Corporation.  Under the terms of the agreement, RESI shareholders will receive $16.25 per share in cash for each share of RESI that they hold.  If you own RESI shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/resi/ 

CIT Group Inc. CIT

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CIT Group Inc. CIT in connection with the proposed acquisition of the company by First Citizens BancShares, Inc. ("FCNCA").  Under the terms of the agreement, CIT shareholders will receive 0.0620 FCNCA shares for each CIT share that they own, representing implied per-share merger consideration of $35.51 based upon FCNCA's December 22, 2020 closing price of $572.72.  If you own CIT shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/cit/   

Alaska Communications Systems Group, Inc. ALSK

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Alaska Communications Systems Group, Inc. ALSK in connection with the proposed acquisition of the company by a consortium comprised of Macquarie Capital and GCM Grosvenor.  Under the terms of the agreement, ALSK shareholders will receive $3.26 in cash for each ALSK share that they hold.  If you own ALSK shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:  https://www.weisslawllp.com/ALSK/ 

SOURCE WeissLaw LLP