Ademi LLP is investigating LiveVox (Nasdaq: LVOX) for possible breaches of fiduciary duty and other violations of law in its transaction with NICE.
In the transaction, LiveVox stockholders are expected to receive only $3.74 for each share of LiveVox common stock. The transaction agreement unreasonably limits competing transactions for LiveVox by imposing a significant penalty if LiveVox accepts a competing bid. LiveVox insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of LiveVox’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.