Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against Steel Connect, Inc.. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
Why Is Steel Connect, Inc. (STCN) Under Investigation?
Bronstein, Gewirtz & Grossman, LLC is investigating the merger between Steel Connect, Inc. (“Steel Connect”) (NASDAQ: STCN) and Steel Partners Holdings L.P. (“Steel Partners”). Investors who purchased Steel Connect and continue to hold to the present are encouraged to obtain additional information and assist the investigation.
What Potential Securities Violations Is BG&G Investigating?
The investigation concerns whether Steel Connect’s board of directors breached its fiduciary duties and failed to provide relevant information to its shareholders regarding the merger.
Steel Connect’s Audit Committee approved a Short-Form merger with Steel Partners in which shareholders will receive $11.45 per share in cash.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Steel Connect shares, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
How Did Steel Connect, Inc. (STCN) Stock React?
How Does BG&G Help Investors in Securities Fraud Investigations?
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”