Shareholder Alert: Ademi LLP investigates whether UserTesting, Inc. has obtained a Fair Price in its transaction with Thoma Bravo and Sunstone

MILWAUKEE, Oct. 27, 2022 /PRNewswire/ -- Ademi LLP is investigating UserTesting (NYSE: USER) for possible breaches of fiduciary duty and other violations of law in its transaction with Thoma Bravo and Sunstone. 

Click here to learn how to join the action https://www.ademilaw.com/case/usertesting-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges UserTesting's financial outlook and prospects are excellent and yet UserTesting holders will receive only $7.50 per share, in an all-cash transaction valued at approximately $1.3 billion. The transaction agreement unreasonably limits competing bids for UserTesting by imposing a significant penalty if UserTesting accepts a superior bid. UserTesting insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of UserTesting's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for UserTesting.

If you own UserTesting common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/usertesting-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                                        
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP