PR Newswire | Aug 27, 2020 03:54PM EDT

Investigation Into Whether The Merger Of Broadway Financial Corporation Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm

08/27 14:54 CDT

Broadway Financial Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether The Merger Of Broadway Financial Corporation Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm NEW YORK, Aug. 27, 2020

NEW YORK, Aug. 27, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether Broadway Financial Corporation (NASDAQ: BYFC) and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with Broadway Financial's proposed merger with CFBanc Corporation.

Under the terms of the merger agreement, CFBanc common shareholders will receive 13.626 shares of Broadway Financial common stock for each share of CFBanc common stock they own, resulting in Broadway Financial stockholders owning 52.5% and CFBanc shareholders owning 47.5% of the combined institution. The merger is subject to, among other things, approval by Broadway Financial shareholders.

If you are a Broadway Financial shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/broadway-financial-corporation-byfc-stock-merger-cfbanc/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:Halper Sadeh LLPDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060 sadeh@halpersadeh.comzhalper@halpersadeh.com https://www.halpersadeh.com

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SOURCE Halper Sadeh LLP