We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Home Point Capital Inc. (“Home Point” or the “Company”) (NASDAQ: HMPT) in connection with its acquisition by Mr. Cooper Group Inc. (NASDAQ: COOP) via tender offer. The transaction value is approximately $324 million.
Weiss Law is investigating whether (i) Home Point’s board acted in the best interests of Company shareholders in agreeing to the merger, (ii) the merger consideration adequately compensates Home Point’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.