Vericity, Inc.

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Ademi LLP is investigating Vericity (Nasdaq: VERY) for possible breaches of fiduciary duty and other violations of law in its transaction with iA American.

In the transaction, Vericity stockholders are expected to receive only $11.43 per share. The transaction agreement unreasonably limits competing transactions for Vericity by imposing a significant penalty if Vericity accepts a competing bid. Vericity insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Vericity’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.