Thomas Priore, who serves as the company's chairman and CEO, currently holds approximately 56.54% of Priority Technology’s outstanding stock. On September 21, 2026, the company announced an agreement to be acquired by entities under his control. While the proposal received approval from a special committee of the board, legal experts are questioning the integrity of the process and whether adequate protections were in place to safeguard the rights of minority stockholders.
In section Releases
Shareholders Challenging Priority Technology Take-Private Deal
A potential conflict of interest has triggered a formal investigation into the $8.05 per share buyout of Priority Technology Holdings. New York-based law firm Bleichmar Fonti & Auld LLP is now scrutinizing whether the take-private deal, led by CEO and controlling shareholder Thomas Priore, unfairly disadvantages minority investors.
Bleichmar Fonti & Auld LLP is evaluating potential breaches of fiduciary duty by the board of directors and the controlling shareholder. The firm is inviting current PRTH shareholders to review their legal options regarding the fairness of the cash-out price. BFA Law, known for its work in securities class actions and high-value litigation, operates on a contingency fee basis for these matters, meaning shareholders do not bear personal litigation costs.
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