Endurance International Group Holdings, Inc.

Practice Area: 
Stock Symbol: 
Case Status: 

Ademi LLP is investigating Endurance International (Nasdaq:EIGI) for possible breaches of fiduciary duty and other violations of the law in its transaction with Clearlake.

Ademi LLP alleges Endurance International’s financial outlook is improving and yet shareholders will receive only $9.50 per share for each share of Endurance International common stock owned. The merger agreement unreasonably limits competing bids for Endurance International by prohibiting solicitation of further bids, and imposing a termination penalty if Endurance International accepts a superior bid. Endurance International insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Endurance International’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Endurance International.