ACT NOW: Monteverde & Associates PC Announces an Investigation of Grubhub, Inc. - GRUB

Rhea-AI Summary

Monteverde & Associates PC is investigating Grubhub, Inc. (NYSE: GRUB) regarding its sale to Just Eat Takeaway.com N.V. The firm aims to determine if Grubhub and its Board of Directors breached fiduciary duties or violated securities laws by failing to ensure a fair transaction process. Each share of Grubhub common stock will be exchanged for .6710 American Depository Shares of Just Eat Takeaway.com. Investors are advised to seek more information to protect their investments.

Positive

• Investigation may lead to a reassessment of the sale terms, potentially benefiting shareholders.
• Monteverde & Associates PC has a proven track record in recovering funds for shareholders.

Negative

• Potential undervaluation of Grubhub in the sale to Just Eat Takeaway.com raises concerns.
• Allegations of failure to conduct a fair process could lead to legal repercussions for the company.

NEW YORK, June 15, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Grubhub, Inc. ("Grubhub" or the "Company") (NYSE: GRUB) relating its sale to Just Eat Takeaway.com N.V., a Netherlands private limited company. Under the terms of the agreement, each outstanding share of Grubhub common stock will be automatically exchanged for .6710 American Depository Shares of Just Eat Takeaway.com N.V.

The investigation focuses on whether Grubhub, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process and 2) whether and by how much this proposed transaction undervalues the Company.

Click here for more information: https://www.monteverdelaw.com/case/grubhub-inc. It is free and there is no cost or obligation to you.

About Monteverde & Associates PC

We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing.  Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field.  He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer.  Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019).  Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.

If you own common stock in Grubhub, Inc. and wish to obtain additional information and protect your investments free of charge, please visit our -1%26h%3D2503619756%26u%3Dhttps%253A%252F%252Fwww.monteverdelaw.com%252F%26a%3Dwebsite&a=website" rel="nofollow">website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341

Attorney Advertising. (C) 2020 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (-1%26h%3D4276761662%26u%3Dhttp%253A%252F%252Fwww.monteverdelaw.com%252F%26a%3Dwww.monteverdelaw.com&a=www.monteverdelaw.com" rel="nofollow">www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

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SOURCE Monteverde & Associates PC

FAQ

What is the investigation by Monteverde & Associates PC regarding Grubhub (GRUB)?

Monteverde & Associates PC is investigating whether Grubhub and its Board violated securities laws by not ensuring a fair transaction process in its sale to Just Eat Takeaway.com.

What will happen to Grubhub stock during the sale to Just Eat Takeaway.com?

Grubhub common stock will be exchanged for .6710 American Depository Shares of Just Eat Takeaway.com as part of the sale agreement.

How might the investigation affect Grubhub investors?

The investigation could lead to a reassessment of the sale terms, potentially allowing investors to secure better compensation.

What are the legal concerns for Grubhub related to the sale?

There are concerns that Grubhub may have breached fiduciary duties and failed to conduct a fair sales process, which could have legal implications.