NEW YORK, Nov. 29, 2016 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of TERRAPIN 3 ACQUISITION CORPORATION ("TERRAPIN" or the "Company")(NASDAQ: TRTL) for potential breaches of fiduciary duties in connection with a definitive agreement Terrapin has entered into with Yatra Online, Inc. ("Yatra"), to a business combination in a transaction that values Yatra at an enterprise value of $218 million.
The investigation focuses on whether TERRAPIN's Board of Directors breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair sales process 2) whether and by how much this proposed transaction undervalues the Company and 3) failing to disclose all material information in connection with the upcoming Dec. 12, 2016 shareholder meeting.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
If you own common stock in TERRAPIN and wish to obtain additional information and protect your investments free of charge, please visit us at www.monteverdelaw.com/investigations or Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.
Contact: Juan E. Monteverde, Esq. MONTEVERDE & ASSOCIATES PC The Empire State Building 350 Fifth Ave. 59th Floor New York, NY 10118 United States of America [email protected] Tel: (212) 971-1341
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