We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Castlight Health, Inc. (“Castlight” or the “Company”) (NYSE: CSLT), in connection with the proposed acquisition of the Company by Vera Whole Health, Inc. (“Vera”) via a tender offer. Under the terms of the acquisition agreement, the Company’s shareholders will receive $2.05 per share in cash for each share of Castlight common stock that they hold. The transaction is valued at approximately $370 million.
WeissLaw LLP is investigating whether (i) Castlight’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $2.05 per-share offer price adequately compensates Castlight’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.