Switch, Inc.

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Ademi LLP is investigating Switch (NYSE: SWCH) for possible breaches of fiduciary duty and other violations of law in its transaction with DigitalBridge.

Ademi LLP alleges Switch’s financial outlook and prospects are excellent and yet Switch holders will receive only $34.25 per share in an all-cash transaction valued at approximately $11 billion. The transaction agreement unreasonably limits competing bids for Switch by prohibiting solicitation of further bids, and imposing a significant penalty if Switch accepts a superior bid. Switch insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Switch’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 Switch.