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SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Crescent Acquisition Corp (Nasdaq - CRSA)

Thursday, 14 January 2021 06:36 PM

Brodsky & Smith, LLC

Topic:
Lawsuits

BALA CYNWYD, PA / ACCESSWIRE / January 14, 2021 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Crescent Acquisition Corp ("Crescent" or the "Company") (NASDAQ:CRSA) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which Crescent, a special purpose acquisition company, will combine with LiveVox, a leading cloud-based provider of customer service and digital engagement tools, and result in LiveVox becoming a publicly-listed company. Under the terms of the agreement, Crescent shareholders will retain ownership of only 30% of the combined company.

The investigation concerns whether the Crescent 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 Crescent 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/crescent-acquisition-corp-nasdaq-crsa/, or call toll free 855-576-4847.

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: Brodsky & Smith, LLC

Topic:
Lawsuits
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