MILWAUKEE, March 3, 2026 /PRNewswire/ — Ademi LLP continues to investigate FONAR (NASDAQ: FONR) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Timothy Damadian and an acquisition group consisting of certain members of the FONAR’s management team and board of directors and third parties.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, FONAR stockholders will be entitled to receive $19.00 per share of the Company’s common stock, $19.00 per share of the Company’s Class B common stock, $6.34 per share of the Company’s Class C common stock and $10.50 per share of the Company’s Class A non-voting preferred stock.
FONAR insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for FONAR by imposing a significant penalty if FONAR accepts a competing bid. We are investigating the conduct of the FONAR board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
