On June 2, 2025, Halper Sadeh LLC, an investor rights law firm, announced an investigation into the sale of Streamline Health Solutions, Inc. to MDaudit for $5.34 per share in cash. The investigation concerns whether Streamline and its board of directors violated federal securities laws and/or breached their fiduciary duties to shareholders.
Specifically, the firm is examining whether the board failed to obtain the best possible consideration for Streamline shareholders and if MDaudit is underpaying for the company. The investigation also questions whether all material information necessary for shareholders to adequately assess and value the merger consideration was disclosed.
Halper Sadeh LLC stated it may seek increased consideration for shareholders, additional disclosures, or other relief and benefits. This investigation introduces a potential element of uncertainty regarding the final terms or completion of the merger agreement announced on May 29, 2025.
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