Sterling Check Corp. (Nasdaq – STER)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Sterling Check Corp. (Nasdaq – STER)

BALA CYNWYD – February 29, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Sterling Check Corp. (“Sterling” or the “Company”) (Nasdaq – STER) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to First Advantage Corporation (Nasdaq – FA) Under the terms of the agreement, Sterling shareholders will elect to receive either $16.73 in cash or 0.979 shares of First Advantage common stock for each Sterling share. The shareholder election will be subject to proration, resulting in approximately 72% of Sterling’s shares being exchanged for cash consideration and 28% being exchanged for First Advantage common stock.

The investigation concerns whether the Sterling Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the offer from First Advantage Corporation provides fair value to the Company’s shareholders.

If you own shares of Sterling 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 who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith 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.

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