Ademi & Fruchter LLP is investigating SolarWinds (NYSE: SWI) for possible breaches of fiduciary duty and other violations of law in its transaction with TPG Rise Climate.
In the transaction, SolarWinds stockholders will receive only $18.50 per share or approximately $4.4 billion. SolarWinds insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for SolarWinds by imposing a significant penalty if SolarWinds accepts a competing bid. We are investigating the conduct of SolarWinds’ board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.