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FONR Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of FONAR Corporation is Fair to Shareholders

Shareholders should contact the firm as there may be limited time to enforce your rights.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of FONAR Corporation (NASDAQ: FONR) to affiliates of Chief Executive Officer Timothy Damadian and certain executives and directors of the company for $19.00 per share for FONAR’s Class B common stock, and $6.34 per share for FONAR’s Class C common stock, is fair to FONAR shareholders.

Halper Sadeh encourages FONAR shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

The investigation concerns whether FONAR and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for FONAR shareholders; (2) determine whether the buyers are underpaying for FONAR; and (3) disclose all material information necessary for FONAR shareholders to adequately assess and value the merger consideration.

On behalf of FONAR shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Halper Sadeh LLC 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.

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