New York legal firm Weisslaw said in a press release it is “investigating possible breaches of fiduciary duty and other violations of law” by the board of Alberton in connection with the SPAC’s proposed merger with SolarMax Technology. WeissLaw said it is looking into whether the Alberton board acted in the best interest of the company’s shareholders in agreeing to the proposed transaction, whether the board was fully informed on the valuation of SolarMax, whether the deal’s equity split is fair to ALAC shareholders, and whether all information regarding the valuation “will be fully and fairly disclosed.” Read more.
WeissLaw Investigates Proposed Alberton/SolarMax Merger
