BALA CYNWYD, PA / ACCESSWIRE / September 23, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Gores Holdings IV, Inc. ("Gores Holding" or the "Company") (NASDAQ:GHIV) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a definitive agreement on a business combination pursuant to which Gores Holding, a special purpose acquisition company, will combine with United Wholesale Mortgage ("UWM"), the largest wholesale mortgage originator in the United States, and result in UWM becoming a publicly-listed company. Under the terms of the agreement, Gores Holding shareholders will retain ownership of only 2.6% of the combined company.
The investigation concerns whether the Gores Holding Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.
If you own shares of Gores Holding stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/gores-holdings-iv-inc-nasdaqgs-ghiv/, or call toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Law office of Brodsky & Smith, LLC