Harwood Feffer LLP Announces Investigation of NewStar Financial, Inc.

NEW YORK, Oct. 18, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of NewStar Financial, Inc.  ("NewStar" or the "Company") (NASDAQ: NEWS) concerning the proposed sale of the Company to First Eagle Investment Management ("First Eagle").

Under the terms of the offer, First Eagle would acquire NewStar in a transaction valued at approximately $512 million.  Pursuant to the deal, NewStar stockholders will receive $11.44 in upfront cash and one non-transferable contingent value right (CVR) for each NewStar share held at the closing of the transaction, NewStar estimates the CVR is valued between $.88 to $1.00 per share. 

Our investigation concerns whether the NewStar board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own NewStar shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP