{"id":399388,"date":"2020-12-14T16:12:24","date_gmt":"2020-12-14T21:12:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399388"},"modified":"2020-12-14T16:12:24","modified_gmt":"2020-12-14T21:12:24","slug":"shareholder-alert-weisslaw-llp-investigates-collective-growth-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-investigates-collective-growth-corporation\/","title":{"rendered":"SHAREHOLDER ALERT: WeissLaw LLP Investigates Collective Growth Corporation"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Dec. 14, 2020<\/span> \/PRNewswire\/ —\u00a0WeissLaw LLP<\/a>\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Collective Growth Corporation (“CGRO” or the “Company”) (NASDAQ: CGRO) in connection with the Company’s proposed merger with Innoviz Technologies Ltd. (“Innoviz”), a global developer of high-performance, solid-state LiDAR sensors and perception software for autonomous vehicles. \u00a0Under the terms of the merger agreement, CGRO will acquire Innoviz through a reverse merger that will result in Innoviz becoming a public company traded on the NASDAQ under the ticker symbol “INVZ.”\u00a0 The estimated\u00a0post-transaction equity value of the combined company is approximately $1.4 billion<\/span>.<\/p>\n

\n

\n
\n \"WeissLaw
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n
\n If you own CGRO shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:<\/u>
\n <\/b>\n <\/p>\n

\n
\n https:\/\/www.weisslawllp.com\/cgro\/<\/a>
\n <\/b>\n <\/p>\n

\n
\n Or please contact:
<\/u>
\n <\/b>
\n
\n Joshua Rubin, Esq.<\/span>
\n
\n <\/b>WeissLaw LLP
1500 Broadway, 16th<\/sup> Floor
New York<\/span>, NY\u00a0 10036
(212)\u00a0682-3025
<\/b>(888) 593-4771
stockinfo@weisslawllp.com<\/a><\/b><\/p>\n

WeissLaw is investigating whether CGRO’s board acted in the best interest of CGRO’s public stockholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Innoviz, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to CGRO’s public stockholders.\u00a0 <\/p>\n

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.\u00a0 We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.\u00a0 If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com<\/a><\/b><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-weisslaw-llp-investigates-collective-growth-corporation-301192389.html<\/a><\/p>\n

SOURCE WeissLaw LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, Dec. 14, 2020 \/PRNewswire\/ —\u00a0WeissLaw LLP\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Collective Growth Corporation (“CGRO” or the “Company”) (NASDAQ: CGRO) in connection with the Company’s proposed merger with Innoviz Technologies Ltd. (“Innoviz”), a global developer of high-performance, solid-state LiDAR sensors and perception software for autonomous vehicles. \u00a0Under the terms of the merger agreement, CGRO will acquire Innoviz through a reverse merger that will result in Innoviz becoming a public company traded on the NASDAQ under the ticker symbol “INVZ.”\u00a0 The estimated\u00a0post-transaction equity value of the combined company is approximately $1.4 billion. If you own CGRO shares and wish to discuss this investigation or have … <\/p>\n

Continue reading “SHAREHOLDER ALERT: WeissLaw LLP Investigates Collective Growth Corporation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-399388","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: WeissLaw LLP Investigates Collective Growth Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-investigates-collective-growth-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: WeissLaw LLP Investigates Collective Growth Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 14, 2020 \/PRNewswire\/ —\u00a0WeissLaw LLP\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Collective Growth Corporation (“CGRO” or the “Company”) (NASDAQ: CGRO) in connection with the Company’s proposed merger with Innoviz Technologies Ltd. (“Innoviz”), a global developer of high-performance, solid-state LiDAR sensors and perception software for autonomous vehicles. \u00a0Under the terms of the merger agreement, CGRO will acquire Innoviz through a reverse merger that will result in Innoviz becoming a public company traded on the NASDAQ under the ticker symbol “INVZ.”\u00a0 The estimated\u00a0post-transaction equity value of the combined company is approximately $1.4 billion. 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