NEW YORK, Jan. 22, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Climate Change Crisis Real Impact I Acquisition Corporation ("CRIS" or the "Company") (NYSE: CLII) in connection with the proposed merger of the Company with EVgo Services LLC ("EVgo"), a privately-held electric vehicle public fast charging network. Under the terms of the merger agreement, CRIS will acquire EVgo through a reverse merger that will result in EVgo becoming a public company trading under the ticker symbol "EVGO." The combined company will have an estimated initial post-transaction equity value of approximately $2.6 billion.
If you own CRIS shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether CRIS's board acted in the best interest of CRIS's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of EVgo and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to CRIS 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]
SOURCE WeissLaw LLP