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Attorneys

Speedway Motorsports, Inc.

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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Speedway Motorsports announced on July 24, 2019, that it would enter into a merger agreement with Sonic Financial Corporation, which owns or controls approximately 71% of the Company’s shares. Sonic Financial seeks to acquire the remaining shares of Speedway Motorsports for $19.75 in cash per share. The investigation focuses on whether this is an adequate price per share for investors and if shareholders received all relevant details in connection with the proposed merger.

Press Release

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Speedway Motorsports, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

 

Los Angeles, August 8, 2019 — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Speedway Motorsports, Inc. (“Speedway Motorsports” or “the Company”) (NYSE: TRK).

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Speedway Motorsports announced on July 24, 2019, that it would enter into a merger agreement with Sonic Financial Corporation, which owns or controls approximately 71% of the Company’s shares. Sonic Financial seeks to acquire the remaining shares of Speedway Motorsports for $19.75 in cash per share. The investigation focuses on whether this is an adequate price per share for investors and if shareholders received all relevant details in connection with the proposed merger.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.

310-301-3335

Cell: 424-303-1964

info@schallfirm.com

www.schallfirm.com