{"id":413640,"date":"2021-01-12T17:25:22","date_gmt":"2021-01-12T22:25:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413640"},"modified":"2021-01-12T17:25:22","modified_gmt":"2021-01-12T22:25:22","slug":"shareholder-alert-weisslaw-llp-investigates-arclight-clean-transition-corp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-investigates-arclight-clean-transition-corp\/","title":{"rendered":"SHAREHOLDER ALERT: WeissLaw LLP Investigates ArcLight Clean Transition Corp."},"content":{"rendered":"
\n

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

\n

\n NEW YORK<\/span>, Jan. 12, 2021<\/span> \/PRNewswire\/ —\u00a0WeissLaw LLP<\/a>\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of ArcLight Clean Transition Corp. (“ACTC” or the “Company”) (NASDAQ: ACTC) in connection with the Company’s proposed merger with Proterra Inc (“Proterra”), a privately-held leader in commercial vehicle electrification technology. \u00a0Under the terms of the merger agreement, ACTC will acquire Proterra through a reverse merger that will result in Proterra becoming a public company traded on the NASDAQ.\u00a0 The transaction represents an enterprise value for Proterra of approximately $1.6 billion<\/span>. <\/p>\n

\n

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

\n
\n If you own ACTC 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\/ACTC\/<\/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 LLP is investigating whether ACTC’s board acted in the best interest of ACTC’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Proterra, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to ACTC public shareholders.\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-arclight-clean-transition-corp-301206904.html<\/a><\/p>\n

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

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

PR Newswire NEW YORK, Jan. 12, 2021 \/PRNewswire\/ —\u00a0WeissLaw LLP\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of ArcLight Clean Transition Corp. (“ACTC” or the “Company”) (NASDAQ: ACTC) in connection with the Company’s proposed merger with Proterra Inc (“Proterra”), a privately-held leader in commercial vehicle electrification technology. \u00a0Under the terms of the merger agreement, ACTC will acquire Proterra through a reverse merger that will result in Proterra becoming a public company traded on the NASDAQ.\u00a0 The transaction represents an enterprise value for Proterra of approximately $1.6 billion. If you own ACTC shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit … <\/p>\n

Continue reading “SHAREHOLDER ALERT: WeissLaw LLP Investigates ArcLight Clean Transition Corp.”<\/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-413640","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: WeissLaw LLP Investigates ArcLight Clean Transition Corp. - 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-arclight-clean-transition-corp\/\" \/>\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 ArcLight Clean Transition Corp. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Jan. 12, 2021 \/PRNewswire\/ —\u00a0WeissLaw LLP\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of ArcLight Clean Transition Corp. (“ACTC” or the “Company”) (NASDAQ: ACTC) in connection with the Company’s proposed merger with Proterra Inc (“Proterra”), a privately-held leader in commercial vehicle electrification technology. \u00a0Under the terms of the merger agreement, ACTC will acquire Proterra through a reverse merger that will result in Proterra becoming a public company traded on the NASDAQ.\u00a0 The transaction represents an enterprise value for Proterra of approximately $1.6 billion. 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