SACRAMENTO, Calif. Mar. 22, 2012 – Local financial advisor, Keith Springer is quoted in the weekly issue of the Sacramento Business Journal discuss how law firms are seeking disgruntled SureWest shareholders.
Last Monday, the $341 million acquisition of Sure¬West Communications, at the end of that week, fourteen law firms had announced they were investigating whether shareholder interests were violated.
According to Mark Anderson, who is a staff writer for the Sacramento Business Journal describes, “Those investigations that could lead to class-action merger lawsuits — the fastest growing type of securities litigation.”
“Investigation announcements and class-action lawsuits by law firms have become common after mergers and acquisitions in recent years,” continued Anderson in his article.
“The law firms know it is cheaper for the companies to settle, and it is easier for the companies to settle,” comments Keith Springer, author of Facing Goliath: How to Triumph in the Dangerous Market Ahead, host of Smart Money with Keith Springer, and president of Springer Financial Advisors based in Sacramento CA.
The magazine Bloomberg Businessweek studied 57 investor class-action cases filed in Delaware that settled with court approval. It turned out that, in the two years of the study, 70 percent of the cases settled with money for the plaintiff’s attorneys and nothing for the shareholders.
“Invest for need, not for greed,” says Keith Springer, as shareholders are unlikely to see much return for the investigations and lawsuits to follow the SureWest acquisition.
To view more print and TV media interviews with Keith, visit http://www.KeithSpringer.com, email Keith@KeithSpringer.com or call (916) 925-8900. For up-to-the-minute market updates visit his blog http://www.KeithSpringer.info . In addition to his work as an expert financial advisor, Keith provides customized mortgages and consulting for homeowners. This information can be found at http://www.KeithSpringerLoans.com .
About Springer Financial Advisors: Keith Springer is the author of "Facing Goliath: How to Triumph in the Dangerous Market Ahead", radio host of "Smart Money with Keith Springer" on Talk650KSTE, editor of "Smart Money Newsletter", a financial planner, a market technician, a financial writer, multinational philanthropist, founder of Top Down Tactical™ and President and founder of Springer Financial Advisors in Sacramento CA, an SEC Registered Investment Advisor. He has developed a proprietary process for successfully building tax-efficient and retirement portfolios and has been providing specialty wealth management services for over 25 years. He can be reached at 916-925-8900 or Keith@KeithSpringer.com.
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Keith Springer President Of Springer Financial Advisors has developed a proprietary process for successfully building tax-efficient and retirement portfolios and has been providing specialty wealth management services for over 25 years.