openPR Logo
Press release

Lawsuit filed for Investors in TD Ameritrade Holding Corporation (NASDAQ: AMTD) in connection with Takeover filed

04-07-2020 02:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed by an investor of TD Ameritrade Holding Corporation (NASDAQ: AMTD)   in connection with the proposed takeover.

A lawsuit was filed by an investor of TD Ameritrade Holding Corporation (NASDAQ: AMTD) in connection with the proposed takeover.

The Shareholders Foundation announced that an investor, who currently hold shares of TD Ameritrade Holding Corporation (NASDAQ: AMTD), filed a lawsuit in connection with the proposed takeover of TD Ameritrade Holding Corporation.

Investors who purchased shares of TD Ameritrade Holding Corporation (NASDAQ: AMTD) and currently hold any of those NASDAQ: AMTD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Omaha, NE based TD Ameritrade Holding Corporation provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors (RIAs) in the United States. On November 25, 2019, the Charles Schwab Corporation ("Schwab") and TD Ameritrade Holding Corporation ("TD Ameritrade") announced that they have entered into an agreement for Schwab to acquire TD Ameritrade in an all-stock transaction valued at approximately $26 billion. Under the agreement, TD Ameritrade stockholders will receive 1.0837 Schwab shares for each TD Ameritrade share. Based on Charles Schwab 's closing stock price on November 20, 2019, the consideration to be received by TD Ameritrade stockholders is $48.50 per share.

However, the plaintiff alleges that that the Registration Statement that was filed in connection with the proposed transaction omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

At least one analyst has set the high target price for NASDAQ: AMTD at $63.00 per share.

TD Bank and certain stockholders of TD Ameritrade (who collectively own approximately 52% of the TD Ameritrade shares), and certain stockholders associated with Charles R. Schwab (who own approximately 10% of the Schwab shares), have already agreed to vote their shares in favor of the transaction.

TD Ameritrade Holding Corporation reported that its Total Revenue rose from over $5.34 billion for the 12 months period that ended on September 30, 2018 to over $5.87 billion for the 12 months period that ended on September 30, 2019 and that its Net Income over those respective time periods increased from over $1.47 billion to over $2.2 billion.

Those who are current investors in TD Ameritrade Holding Corporation (NASDAQ: AMTD) shares have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed for Investors in TD Ameritrade Holding Corporation (NASDAQ: AMTD) in connection with Takeover filed here

News-ID: 2001082 • Views:

More Releases from Shareholders Foundation

ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly NASDAQ: SINA)
ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made. If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: FLR) should contact the Shareholders Foundation
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements. Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp. (NYSE: SOC)
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp. Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc. (NASDAQ: LNTH)
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements. Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com

All 5 Releases


More Releases for Ameritrade

Stock Trading App Market to Witness Stunning Growth with Webull, Firstrade, TD A …
The Global Stock Trading App Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2030. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and
Electronic Trading Platform Market Is in Huge Demand: Fidelity, TD Ameritrade, A …
AMA recently published a research study titled "Global Electronic Trading Platform Market 2023," which offers comprehensive insights into the business strategies employed by both established and emerging players in the industry. This report provides a thorough analysis of the current market landscape, technological advancements, drivers, opportunities, market outlook, and status. Additionally, it presents an overview of various segments and applications that have the potential to influence the market in the
Cryptocurrency Mutual Funds Market May See a Big Move | BarclayHedge, Mudrex, TD …
Advance Market Analytics published a new research publication on "Cryptocurrency Mutual Funds Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Cryptocurrency Mutual Funds Market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample
Cryptocurrency Mutual Funds Market Next Big Thing | BarclayHedge, Mudrex, TD Ame …
The latest study released on the Global Cryptocurrency Mutual Funds Market by AMA Research evaluates market size, trend, and forecast to 2027. The Cryptocurrency Mutual Funds market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Download
E-brokerages Market Size and Forecast 2021-2027: Charles Schwab, Fidelity Invest …
Latest survey on E-brokerages Market is conducted to provide hidden gems performance analysis to better demonstrate competitive environment of E-brokerages. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end use applications. The report bridges the historical data from 2016 to 2021 and forecasted till 2027*, the outbreak of latest scenario in E-brokerages market have
Smartphone Stock Application Market to Set New Growth Story | TD Ameritrade, Tra …
Latest released the research study on Global Smartphone Stock Application Market, offers a detailed overview of the factors influencing the global business scope. Smartphone Stock Application Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Smartphone Stock Application. The study covers emerging player's