MILWAUKEE, Oct. 3, 2023 /PRNewswire/ -- Ademi LLP is investigating Vericity (Nasdaq: VERY) for possible breaches of fiduciary duty and other violations of law in its transaction with iA American.
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In the transaction, Vericity stockholders are expected to receive only $11.43 per share. The transaction agreement unreasonably limits competing transactions for Vericity by imposing a significant penalty if Vericity accepts a competing bid. Vericity insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Vericity's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Vericity common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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