NEW YORK--(BUSINESS WIRE)--Aug. 19, 2024--
Newman Ferrara LLP announced today that the firm is conducting an investigation on behalf of shareholders of Bridger Aerospace Group Holdings, Inc. (“Bridger” or the “Company”) (NASDAQ:BAER) into potential breaches of fiduciary duty by the Company’s Board of Directors (the “Board”).
Bridger, headquartered in Belgrade, MT, operates as an aerial firefighting company, providing aerial wildfire surveillance, relief and suppression, and aerial firefighting services using next-generation technology and environmentally friendly and sustainable firefighting methods. Newman Ferrara’s investigation focuses on decisions made by the Board, without shareholder approval, the result of which significantly diminish shareholder value and do not benefit the Company. Considering the Company’s lackluster performance since its 2023 de-SPAC transaction, it is clear that the Board lacks the ability to fairly assess and oversee the Company’s direction and leadership.
Current Bridger stockholders seeking more information on this matter are invited to contact Newman Ferrara attorneys Jeffrey Norton (jnorton@nfllp.com) or Benjamin Baker (bbaker@nfllp.com) to discuss this investigation and their rights.
Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.
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Newman Ferrara LLP
Benjamin Baker
bbaker@nfllp.com
1250 Broadway, 27th Fl.
New York, NY 10001
(212) 619-5400
Source: Newman Ferrara LLP
