NEW YORK, June 12, 2020 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the board of directors of Finjan
Holdings, Inc. ("FNJN" or the "Company") (NASDAQ: FNJN) in
connection with the proposed acquisition of the Company by
affiliates of Fortress Investment Group LLC ("Fortress").
Under the terms of the acquisition agreement, FNJN
shareholders will receive $1.55 for
each share of FNJN that they own.
If you own FNJN shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/finjan-holdings-inc/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether FNJN's board acted to maximize
shareholder value prior to entering into the acquisition
agreement. Notably, FNJN recently announced positive
financial results, including first quarter of 2020 revenue of
$3.8 million, representing
significant growth compared to the same period of 2019 in which the
Company reported no revenue.
Given these facts, WeissLaw is concerned whether the proposed
acquisition undervalues the Company, and whether all material
information related to the proposed acquisition is fully and fairly
disclosed.
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 stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP