The Monteverde Associates law firm said it is investigating INSU Acquisition II relating to its proposed merger with Metromile. The proposed merger has an estimated pro forma value of $956 million.
In a statement the firm said, “The investigation focuses on whether INSU Acquisition Corp. II and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, 2) whether the proposed transaction is properly valued, and 3) whether all material information has been disclosed to shareholders.” Read more.
