Porn News

Flynt Buyout of New Frontier Media Being Investigated by Securities Attorneys

We welcome Sinister X Syndicate as our new advertiser. Check out The Birds of Prey website www.birdsofpreyxxx.com/

Check out our new advertisers www.auditionporn.com/tour1 and www.eruptionxl.com and www.sexucrave.com

Follow Gene Ross at twitter@GeneRoss3; Follow AdultFYI at twitter@adultfyi1

DALLAS—- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the proposed New Frontier Media Buyout for shareholders.

New Frontier Media, Inc. announced that it entered into a definitive merger agreement with LFP Broadcasting, LLC, an affiliate of L.F.P., Inc. Under the terms of the transaction valued at approximately $33 million, New Frontier shareholders will receive only $2.02 in cash for each share of NOOF common stock owned, plus the option to receive an additional $0.06 per share if New Frontier’s available cash balance at the closing of the offer, less unpaid transaction expenses, exceeds $11,514,000. The proposed transaction price is well below at least one analyst’s estimated value of $4.00 per share.

Shareholder rights attorney Willie Briscoe stated that, “Our investigation relates to the fairness of the proposed price for New Frontier shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders.”

Notably, according to at least one analyst with Yahoo! Finance, the true inherent value of NOOF stock could be as high as $4.00 a share. The proposed lawsuit will seek to obtain the highest possible price for each share of New Frontier stock owned.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a Dallas litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

There is no cost or fee for you to join the action. Thus, if you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [email protected], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [email protected].

303 Views

Related Posts

U.K. Veteran Performer Rebecca Jane Smyth Passes Away

Rebecca Jane Smyth, a popular performer from the United Kingdom, died on Dec. 10 at the age of 51.

Lauren Phillips to Make Mouse Ear Appearances

Dec 20, 2024 5:59 PM PSTLOS ANGELES — Lauren Phillips will feature at two Mouse’s Ear locations to celebrate the establishment's anniversary. Phillips will be making appearances tonight and tomorrow, offering meet-and-greets, live shows, and merch. Phillips enthused about the…

Alison Rey Scores XMA Nom

Dec 20, 2024 5:56 PM PSTLOS ANGELES — Alison Rey has scored a nomination for Fav Girl/Girl Performer at the 2025 XBIZ Awards. “Although my scenes have been nominated for ‘best lesbian sex scene’ before, I’ve never been up for…

UK Performer Rebecca Jane Smyth Passes Away at 51

LOS ANGELES — Veteran British performer Rebecca Jane Smyth has passed away, according to her longtime friend, Tanya Virago. She was 51.Hailing from England, Smyth started her career in the early '90s as a Page 3 girl before moving further…

BasisDx Announces Subscription Model for Pro13 At-Home STI Tests

BasisDx, makers of the PASS-certified at-home STI testing kit, has announced a new subscription model option designed for adult performers, content creators, and members of the lifestyle community.

Leave a Reply

Your email address will not be published.