PR Newswire | Dec 3, 2020 04:10PM EST

Waddell & Reed Financial, Inc. - WDR

12/03 15:10 CST

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Waddell & Reed Financial, Inc. - WDR NEW YORK, Dec. 3, 2020

NEW YORK, Dec. 3, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Waddell & Reed Financial, Inc. ("WDR" or the "Company") (WDR) relating to its proposed sale to Macquarie Asset Management. ("Macquarie"). Under the terms of the agreement, WDR shareholders are expected to receive $25.00 per share.

The investigation focuses on whether Waddell & Reed Financial, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether and by how much this proposed transaction undervalues the Company.

Click here for more information: https://www.monteverdelaw.com/case/waddell-reed-financial-inc.It is free and there is no cost or obligation to you.About Monteverde & Associates PCWe are a national class action securities litigation law firm that has recovered millions of dollarsand iscommitted to protecting shareholders from corporate wrongdoing. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court.Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered money for shareholders in 6 mergers & acquisitions class action cases. If you own common stock in Waddell & Reed Financial, Inc. and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341. Contact:Juan E. Monteverde, Esq.MONTEVERDE & ASSOCIATES PCThe Empire State Building350 Fifth Ave. Suite 4405New York, NY 10118United States of Americajmonteverde@monteverdelaw.comTel: (212) 971-1341 Attorney Advertising. (C) 2020 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

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SOURCE Monteverde & Associates PC