Duck Creek Technologies, Inc.

Practice Area: 
Stock Symbol: 
DCT
Case Status: 
Investigations

Ademi LLP is investigating Duck Creek (Nasdaq: DCT) for possible breaches of fiduciary duty and other violations of law in its transaction with Vista.

Ademi LLP alleges Duck Creek’s financial outlook and prospects are excellent and yet Duck Creek shareholders will receive only $19 per share, in an all-cash transaction valued at approximately $2.6 billion. The transaction agreement unreasonably limits competing bids for Duck Creek by imposing a significant penalty if Duck Creek accepts a superior bid. Duck Creek insiders will receive substantial benefits as part of change of control arrangements.