Shareholder Alert: Ademi LLP investigates whether JMP Group LLC has obtained a Fair Price in its transaction with Citizens

MILWAUKEE, Sept. 8, 2021 /PRNewswire/ -- Ademi LLP is investigating JMP (NYSE: JMP), for possible breaches of fiduciary duty and other violations of law in its transaction with Citizens.

Click here to learn how to join the action: https://www.ademilaw.com/case/jmp-group-llc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi LLP alleges JMP's financial outlook and prospects are excellent and yet JMP shareholders will receive only $7.50 for each common share of JMP, or approximately $149 million. The merger agreement unreasonably limits competing bids for JMP by prohibiting solicitation of further bids, and imposing a substantial penalty if JMP accepts a superior bid. JMP insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of JMP's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for JMP.

If you own JMP common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/jmp-group-llc.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP

Guri Ademi

Toll Free: (866) 264-3995

Fax: (414) 482-8001

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SOURCE Ademi LLP