NEW YORK, Jan. 29, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Alussa Energy Acquisition Corp. ("ALUS" or the "Company") (NYSE: ALUS) in connection with the Company's proposed merger with FREYR A/S ("FREYR"), a privately-held developer of clean battery cell production capacity. Under the terms of the merger agreement, ALUS will acquire FREYR through a reverse merger that will result in FREYR becoming a public company traded on the NYSE. The transaction implies a pro forma equity value of $1.4 billion for the combined company.
If you own ALUS shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th Floor New York, NY 10036 (212) 682-3025 (888) 593-4771 [email protected]
WeissLaw LLP is investigating whether ALUS's board acted in the best interest of ALUS's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of FREYR, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to ALUS's public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]