LOS ANGELES, CA / ACCESSWIRE / September 1, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in New Relic, Inc. ("New Relic" or "the Company") (NYSE:NEWR) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Francisco Partners ("Francisco").
The investigation focuses on determining if the New Relic board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement, and whether Francisco is underpaying for the Company.
If you are a shareholder, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE: The Schall Law Firm
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https://www.accesswire.com/779311/investigation-alert-the-schall-law-firm-announces-it-is-investigating-claims-against-new-relic-inc-and-encourages-investors-with-losses-to-contact-the-firm
