We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Superior Drilling Products, Inc. (“Superior Drilling” or the “Company”) (NYSE: SDPI), in connection with its acquisition by Drilling Tools International Corp. (“DTI”) (NASDAQ: DTI) . Under the merger agreement, DTI agreed to acquire Superior Drilling for total consideration of approximately $32.2 million payable in cash and DTI stock.
Weiss Law is investigating whether (i) the Superior Drilling board acted in the best interests of Company shareholders in agreeing to the merger, (ii) the merger consideration adequately compensates Superior Drilling shareholders, and (iii) all information regarding the sales processand valuation of the transaction will be fully and fairly disclosed.
Weiss Law 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