Cases / Investigations

J. Alexander's Holdings, Inc.


Wolf Popper LLP Investigates Claims that the Proposed Transaction between J. Alexander’s Holdings, Inc. and 99 Restaurants, LLC Would Not Be In the Best Interests of JAX’s Public Investors

NEW YORK, October 9, 2017

Wolf Popper LLP is investigating claims on behalf of investors in J. Alexander’s Holdings, Inc. (NYSE: JAX), concerning JAX’s acquisition of 99 Restaurants, LLC, a company owned by Fidelity National Financial, Inc. (NYSE: FNFV), in an all-stock transaction. Investment firm Marathon Partners Equity Management, LLC, questions the deal because, among other things: (1) all six JAX board members are affiliated with FNFV; (2) after the transaction, FNFV’s interest in JAX will increase from approximately 11% to over 52%; and (3) Marathon estimates the value of JAX to be between $13 and $15 per share, instead of the $11 per share JAX’s Board used as the basis for the transaction.  According to Wolf Popper partner Carl Stine, “This is yet another example of a conflicted transaction where the public shareholders are getting the short end of the stick.”

Wolf Popper is investigating claims on behalf of JAX shareholders.  JAX shareholders seeking more information about the transaction or Wolf Popper’s investigation can contact Mr. Stine at (212) 759-4600 or cstine@wolfpopper.com

Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation.  Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2017 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area.  View Wolf Popper attorney biographies at www.wolfpopper.com.

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