ForgeRock, Inc.

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Ademi LLP is investigating ForgeRock (NYSE: FORG) for possible breaches of fiduciary duty and other violations of law in its transaction with Thoma Bravo.

Ademi LLP alleges ForgeRock’s financial outlook and prospects are excellent and yet ForgeRock holders will receive only $23.25 per share, in an all-cash transaction valued at approximately $2.3 billion. The transaction agreement unreasonably limits competing bids for ForgeRock by imposing a significant penalty if ForgeRock accepts a superior bid. ForgeRock insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of ForgeRock’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 ForgeRock.