Shareholder Alert: Ademi LLP investigates whether Ruth's Hospitality Group, Inc. has obtained a Fair Price in its transaction with Darden

MILWAUKEE, May 3, 2023 /PRNewswire/ -- Ademi LLP is investigating Ruth's (NASDAQ: RUTH) for possible breaches of fiduciary duty and other violations of law in its transaction with Darden. 

Click here to learn how to join the action https://www.ademilaw.com/case/ruths-hospitality-group-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ruth's shareholders are expected to receive only $21.50 per share, with a total transaction equity value of approximately $715 million. The transaction agreement unreasonably limits competing bids for Ruth's by imposing a significant penalty if Ruth's accepts a superior bid. Ruth's insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Ruth's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Ruth's.

If you own Ruth's common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/ruths-hospitality-group-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                                       
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP