By Rose Krebs (March 20, 2020, 8:13 p.m. EDT) – An Investor in Instructure Inc. filed a lawsuit Thursday evening at Delaware Chancery Court to obtain the company’s records to investigate potential wrongdoing related to private equity firm Thoma Bravo’s $ 2 billion offer to buy the Utah-based education software company.
Shareholder Q. Wade Billings says he needs records to determine if he will pursue legal action alleging wrongdoing by Investigating Agents in connection with the proposed acquisition of the company by Thoma Bravo LLC.
“It appears that the sales process suffers from many incurable flaws and irremediable conflicts,” says Billings. He also claims that the merger appears “driven by the desire of insiders to receive unique benefits …
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