NEW YORK, March 29, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of Oaktree
Capital Group LLC ("OAK" or the "Company") (NYSE: OAK) in
connection with the proposed transaction under which terms
Brookfield Asset Management Inc ("Brookfield") will acquire approximately 62% of
the Company.
If you own OAK units and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)
593-4771
stockinfo@weisslawllp.com
Visit our
website
http://www.weisslawllp.com/oaktree-capital-group-llc/
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WeissLaw is investigating whether OAK's Board acted to maximize
unitholder value prior to entering into the agreement.
Notably, Brookfield will acquire
all outstanding OAK class A units, at the election of unitholders,
for either $49.00 in cash or 1.077
Brookfield class A shares.
Moreover, according to the acquisition announcement, the deal is
a strategic transaction which Brookfield hopes will broaden its product
offerings. The transaction is also expected to be accretive
Brookfield on a per share
basis.
Given these facts, WeissLaw is concentrating its investigation
on whether OAK's Board conducted a fair process in agreeing to the
proposed acquisition, whether the proposed acquisition undervalues
the Company, and whether all material information related to the
proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP
