--- title: "$RSVR Transaction Alert: Reservoir Media Board Under Legal Investigation For Breach of its Fiduciary Duty in Connection With $10.50 Take Private Offer" type: "News" locale: "en" url: "https://longbridge.com/en/news/278770594.md" description: "Reservoir Media's board of directors and major shareholders are under investigation for potential breaches of fiduciary duty related to a proposed take-private offer of $10.50 per share. The law firm Bleichmar Fonti & Auld LLP is examining whether this price is unfairly low and if the controlling shareholders are acting against the interests of minority stockholders. Shareholders are encouraged to seek legal advice regarding their options in this matter." datetime: "2026-03-11T19:46:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278770594.md) - [en](https://longbridge.com/en/news/278770594.md) - [zh-HK](https://longbridge.com/zh-HK/news/278770594.md) --- # $RSVR Transaction Alert: Reservoir Media Board Under Legal Investigation For Breach of its Fiduciary Duty in Connection With $10.50 Take Private Offer NEW YORK CITY, NY / ACCESS Newswire / March 11, 2026 / Leading securities law firm **Bleichmar Fonti & Auld LLP** announces an investigation into Reservoir Media, Inc.'s board of directors as well as significant shareholders Wesbild, Inc. and ER Reservoir LLC for potential breaches of their fiduciary duties to shareholders in connection with a potential take-private sale of Reservoir Media that would cash out every minority stockholder for $10.50 per share. If you are a current shareholder of Reservoir Media, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/reservoir-media-investigation. **Why is Reservoir Media, Inc. being Investigated?** On March 4, 2026, ER Reservoir LLC and Wesbild Inc. announced in SEC filings that they had submitted a preliminary non-binding proposal to acquire all shares of Reservoir Media stock that they did not already own at a price of $10.50 per share. As of Reservoir Media's latest annual reports, ER Reservoir LLC and Wesbild Inc. owned 44% and 21% of Reservoir Media's stock, respectively. Combined, they own 65% of the company's stock and would be able to unilaterally dictate the outcome of stockholder votes requiring majority approval. BFA Law is investigating whether the proposed $10.50 per share price represents an unfairly low price, and whether Reservoir Media's board of directors, as well as ER Reservoir LLC and Wesbild Inc. (as controlling stockholders) would be breaching their fiduciary duties to the company's minority stockholders in connection with the potential transaction. **Click here for more information:** https://www.bfalaw.com/cases/reservoir-media-investigation **What Can You Do?** If you are a current holder of Reservoir Media stock, you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. **Submit your information by visiting:** https://www.bfalaw.com/cases/reservoir-media-investigation**.** Or contact: Adam McCall adam@bfalaw.com 212.789.3619 **Why Bleichmar Fonti & Auld LLP?** BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by _Chambers USA_, _The Legal 500_, and _ISS SCAS_, and its attorneys have been named "Elite Trial Lawyers" by the _National Law Journal_, "Litigation Stars" by _Benchmark Litigation_, among the top "500 Leading Plaintiff Financial Lawyers" by _Lawdragon_, "Titans of the Plaintiffs' Bar" by _Law360_ and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com. https://www.bfalaw.com/cases/reservoir-media-investigation Attorney advertising. Past results do not guarantee future outcomes. **SOURCE:** Bleichmar Fonti & Auld LLP View the original press release on ACCESS Newswire ### Related Stocks - [RSVR.US](https://longbridge.com/en/quote/RSVR.US.md) ## Related News & Research - [IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS PAKISTAN'S INTERIOR MINISTER IS IN IRAN TO FACILITATE THE EXCHANGE OF MESSAGES - IRANIAN MEDIA](https://longbridge.com/en/news/287099385.md) - [09:10 ETLUPA SYSTEMS ACQUIRES THREE MAJOR DIVISIONS OF VOX MEDIA: NEW YORK MAGAZINE, VOX MEDIA PODCAST NETWORK, AND VOX](https://longbridge.com/en/news/287072311.md) - ['Suggested Genmoji' Are Coming to an iPhone Near You](https://longbridge.com/en/news/286765961.md) - [Scripps completes station swap with Gray Media | SSP Stock News](https://longbridge.com/en/news/286588193.md) - [Gabelli Funds LLC Purchases 77,545 Shares of OUTFRONT Media Inc. $OUT](https://longbridge.com/en/news/287024685.md)