Metromile Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Metromile, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – MILE

NEW YORK–(BUSINESS WIRE)–Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Metromile, Inc. (NASDAQ: MILE) to Lemonade, Inc. is fair to Metromile shareholders. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares at a ratio of 19:1.

Halper Sadeh encourages Metromile shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

The investigation concerns whether Metromile and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Metromile shareholders; (2) determine whether Lemonade is underpaying for Metromile; and (3) disclose all material information necessary for Metromile shareholders to adequately assess and value the merger consideration. On behalf of Metromile shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages Metromile shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contacts

Halper Sadeh LLP

Daniel Sadeh, Esq.

Zachary Halper, Esq.

(212) 763-0060

sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com

Comments are closed.