The Ademi Firm is investigating IAS (Nasdaq: IAS) for possible breaches of fiduciary duty and other violations of law in its transaction with Novacap.
Shareholders of IAS will receive $10.30 per share in a transaction valued at approximately $1.9 billion. IAS insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for IAS by imposing a significant penalty if IAS accepts a competing bid. We are investigating the conduct of the IAS board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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