We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Perspecta Inc. (“Perspecta” or the “Company”) (NYSE: PRSP) in connection with the proposed acquisition of the Company by Peraton, a portfolio company of Veritas Capital (“Veritas”). Under the terms of the merger agreement, Perspecta shareholders will receive $29.35 in cash for each share of Perspecta common stock that they hold. Veritas currently owns approximately 14.5% of the common stock of Perspecta. The transaction is valued at approximately $7.1 billion.
WeissLaw LLP is investigating whether Perspecta’s board acted in the best interest of Perspecta’s public shareholders in agreeing to the proposed transaction, whether the merger consideration adequately compensates Perspecta’s shareholders, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Perspecta’s public shareholders. WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com