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SHAREHOLDER ALERT: WeissLaw LLP Investigates Civitas Solutions, Inc.

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NEW YORK, Feb. 22, 2019 /PRNewswire/ -- WeissLaw LLP  is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Civitas Solutions, Inc. ("CIVI" or the "Company") (NYSE:CIVI) in connection with the proposed acquisition of the Company by Centerbridge Partners, L.P. ("Centerbridge").  Under the terms of the acquisition agreement, shareholders will receive $17.75 in cash for each CIVI share they own.  

If you own CIVI 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, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

Visit our website
http://www.weisslawllp.com/civitas-solutions-inc/

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WeissLaw LLP (PRNewsfoto/WeissLaw LLP)

WeissLaw is investigating whether CIVI's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, the Company recently announced positive financial results.  It reported adjusted EBITDA of $46.2 million in the first quarter of fiscal year 2019, representing an increase of 21.4% year-over-year when compared to the figures reported in the same period of the previous year.

Given these facts, WeissLaw is concentrating its investigation on whether CIVI'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

 

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SOURCE WeissLaw LLP

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