The law firm said in a press release it is “investigating possible breaches of fiduciary duty and other violations of law by the board of directors of INSU Acquisition Corp. II” in connection with the company’s proposed merger with digital insurance platform Metromile. The proposed transaction implies an estimated pro forma enterprise value of $956 million.
WeissLaw said it is investigating whether the INSU board “acted in the best interest of shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Metromile, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to INAQ public shareholders.” Read more.
WeissLaw Investigates INSU II Merger Plan With Metromile
