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The Finish Line, Inc. (NASDAQ: FINL) Investor Lawsuit Against Acquisition By JD Sports Fashion Plc Filed

  • Investors who purchased shares of The Finish Line, Inc. (NASDAQ: FINL) may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
The Finish Line, Inc.
Security
NASDAQ: FINL

Case Name
The Finish Line Deal Case
Type of Lawsuit
Mergers and Acquisition
Class Period Begin
Class Period End
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Summary

June 24, 2019 - The case was voluntarily dismissed.
May 2, 2018 - An investor, who currently holds shares of The Finish Line, Inc. (NASDAQ: FINL), filed a lawsuit in effort to halt the proposed takeover of The Finish Line, Inc. by JD Sports Fashion Plc for $13.50 per share.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: FINL stockholders by agreeing to sell The Finish Line, Inc. cheaply via an unfair process.

On Mar. 26, 2018, The Finish Line, Inc. (NASDAQ:FINL) announced that it has entered into a merger agreement providing for JD Sports Fashion Plc (LSE: JD) to acquire 100% of the issued and outstanding Finish Line shares at a price of $13.50 per share in cash representing an aggregate deal value of approximately $558 million.

However, plaintiff claims that the proposed consideration NASDAQ:FINL shareholders will receive is grossly inadequate and undervalues The Finish Line, Inc. Indeed, at least one analyst has set the high price target for NASDAQ:FINL shares at $17.00 per share. . In addition, the plaintiff alleges that the process is also unfair NASDAQ:FINL stockholders. Indeed