SHAREHOLDER Notice: Brodsky & Smith, LLC Announces an Investigation of HomeFed Corporation – HOFD

BALA CYNWYD, April 16, 2019 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of HomeFed Corporation (“HomeFed”) (OTC QB: HOFD) for violations of federal and state law in connection with the sale of the Company to Jefferies Financial Group, Inc.. (“Jefferies”).

Under the terms of the transaction, HomeFed shareholders will receive only either $38.00 in cash or Jefferies stock, with the exchange ratio being calculated by dividing $42.00 by Jefferies average share price, for each share of HomeFed stock they own. The investigation concerns whether the Board of HomeFed breached their fiduciary duties to shareholders and whether Jefferies is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many long term holders of HomeFed stock. For example, shares of HomeFed stock have traded at $57.26 per share and Jefferies already owns 70% of the Company.

If you own shares of HomeFed stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.