A lawsuit was filed for investors in shares of StanCorp Financial Group, Inc. (NYSE:SFG) in connection with the proposed takeover was announced and NYSE:SFG stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 08/17/2015 --An investor who currently holds shares of StanCorp Financial Group, Inc. (NYSE:SFG), filed a lawsuit in effort to halt the proposed takeover of StanCorp Financial Group, Inc. by Meiji Yasuda Life Insurance Company for $115 per share.

Investors who purchased shares of StanCorp Financial Group, Inc. (NYSE:SFG) and currently hold any of those NYSE:SFG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:SFG stockholders by agreeing to sell StanCorp Financial Group, Inc. too cheaply via an unfair process to Meiji Yasuda Life Insurance Company.

On July 23, 2015, Meiji Yasuda Life Insurance Company and StanCorp Financial Group, Inc. (NYSE: SFG) announced that they have entered into an agreement under which Meiji Yasuda Life Insurance Company will acquire all outstanding shares of StanCorp for $115.00per share in cash.

However, the plaintiff claims that the proposed consideration NYSE:SFG shareholders will receive is grossly inadequate and undervalues StanCorp Financial Group, Inc. In addition, the plaintiff claims that the process is also unfair to NYSE:SFG stockholders.

Shares of StanCorp Financial Group, Inc. (NYSE:SFG) closed on August 13, 2015, at $113.80 per share.

Those who are current investors in StanCorp Financial Group, Inc. (NYSE:SFG) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com