WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Software Acquisition Group Inc. II in connection with the Company’s proposed merger with Otonomo Technologies Ltd. (“Otonomo”), a privately held automotive data services platform. Under the terms of the merger agreement, SAII will acquire Otonomo through a reverse merger that will result in Otonomo becoming a public company traded on the NASDAQ. The transaction values the combined company at an equity value of approximately $1.4 billion.
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether SAII’s board acted in the best interest of SAII’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Otonomo, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to SAII 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 firstname.lastname@example.org