NEW YORK, Oct. 28, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of dMY Technology Group, Inc. II ("DMYD" or the "Company") (NYSE: DMYD) in connection with the Company's proposed merger with Genius Sports Group Limited ("GSG"), a privately-held sports data and technology company. Under the terms of the merger agreement, DMYD will acquire GSG through a reverse merger that will result in GSG becoming a public company traded on the New York Stock Exchange under a new ticker symbol. The transaction implies a pro forma enterprise value of approximately $1.5 billion.
If you own DMYD 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. WeissLaw LLP 1500 Broadway, 16th Floor New York, NY 10036 (212) 682-3025 (888) 593-4771 [email protected]
WeissLaw is investigating whether DMYD's board acted in the best interest of DMYD's public stockholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of GSG, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to DMYD 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]