SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of INSU Acquisition Corp. II - INSU
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of INSU Acquisition Corp. II - INSU |
[03-December-2020] |
NEW YORK, Dec. 3, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating INSU Acquisition Corp. II ("INSU" or the "Company") (INSU) relating to its proposed merger with Metromile, Inc. ("Metromile"). Under the terms of the merger agreement, INSU will acquire Metromile through a reverse merger, with Metromile becoming a publicly traded company. The proposed transaction has an estimated pro forma value of $956 million. 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. Click here for more information: https://www.monteverdelaw.com/case/insu-acquisition-corp-ii. It is free and there is no cost or obligation to you. About Monteverde & Associates PC If you own common stock in INSU Acquisition Corp. II and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341. Contact: Attorney Advertising. (C) 2020 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter. View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-monteverde--associates-pc-announces-an-investigation-of-insu-acquisition-corp-ii---insu-301186088.html SOURCE Monteverde & Associates PC | ||
Company Codes: NASDAQ-NMS:INAQ, NASDAQ-NMS:INAQU |
© 2020 PR Newswire. All Rights Reserved.