Reinvent Technology Partners Z
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REINVENT TECHNOLOGY MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF REINVENT TECHNOLOGY PARTNERS Z IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – RTPZ
April 28, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Reinvent Technology Partners Z (NYSE: RTPZ) and Hippo Enterprises Inc. is fair to Reinvent Technology shareholders. After the closing of the merger, Hippo’s existing stockholders are expected to own approximately 87% percent of the pro forma combined company.
The investigation concerns whether Reinvent Technology and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Reinvent Technology shareholders; and (2) disclose all material information necessary for Reinvent Technology shareholders to adequately assess and value the merger consideration. On behalf of Reinvent Technology shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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