{"id":702405,"date":"2022-10-27T18:26:05","date_gmt":"2022-10-27T22:26:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weiss-law-investigates-usertesting-inc\/"},"modified":"2022-10-27T18:26:05","modified_gmt":"2022-10-27T22:26:05","slug":"shareholder-alert-weiss-law-investigates-usertesting-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weiss-law-investigates-usertesting-inc\/","title":{"rendered":"SHAREHOLDER ALERT: Weiss Law Investigates UserTesting, Inc."},"content":{"rendered":"
\n

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

\n

\n
\n NEW YORK<\/span>
\n <\/span>, Oct. 27, 2022<\/span><\/span> \/PRNewswire\/ — Weiss Law<\/a>\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of UserTesting, Inc. (“UserTesting” or the “Company”) (NYSE: USER), in connection with the proposed acquisition of the Company by Thoma Bravo<\/span> and Sunstone Partners. Under the merger agreement, the Company’s shareholders will receive $7.50<\/span> in cash for each share of UserTesting common stock owned. The transaction is valued at $1.3 billion<\/span>.<\/p>\n

\n

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

\n
\n If you own <\/u>
\n <\/b>
\n
\n UserTesting<\/u>
\n <\/b>
\n
\n \u00a0shares<\/u>
\n <\/b>
\n
\n \u00a0and 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.weisslaw.co\/news-and-cases\/user<\/a>
\n <\/b>\u00a0
Or please contact:
<\/u><\/b>Joshua Rubin, Esq.<\/span>
<\/b>Weiss Law
305 Broadway, 7th<\/sup> Floor
New York<\/span>, NY\u00a0 10007
(212)\u00a0682-3025
<\/b>(888) 593-4771
stockinfo@weisslawllp.com<\/a><\/b><\/p>\n

Weiss Law is investigating whether (i) UserTesting’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $ 7.50<\/span> per-share merger consideration adequately compensates UserTesting’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.\u00a0 Notably, the merger consideration is below the $8<\/span> median price target set by analysts, and at least one analyst set a price target for the Company of $9<\/span> per share, $1.50<\/span> above the per-share merger consideration.<\/p>\n

Weiss Law 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:https:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-weiss-law-investigates-usertesting-inc-301661663.html<\/a><\/p>\n

SOURCE Weiss Law<\/p>\n<\/p><\/div>\n

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

PR Newswire NEW YORK , Oct. 27, 2022 \/PRNewswire\/ — Weiss Law\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of UserTesting, Inc. (“UserTesting” or the “Company”) (NYSE: USER), in connection with the proposed acquisition of the Company by Thoma Bravo and Sunstone Partners. Under the merger agreement, the Company’s shareholders will receive $7.50 in cash for each share of UserTesting common stock owned. The transaction is valued at $1.3 billion. If you own UserTesting \u00a0shares \u00a0and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website: https:\/\/www.weisslaw.co\/news-and-cases\/user \u00a0Or please contact:Joshua Rubin, Esq.Weiss Law 305 Broadway, 7th FloorNew York, NY\u00a0 10007(212)\u00a0682-3025(888) 593-4771stockinfo@weisslawllp.com … <\/p>\n

Continue reading “SHAREHOLDER ALERT: Weiss Law Investigates UserTesting, Inc.”<\/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-702405","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: Weiss Law Investigates UserTesting, Inc. - 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-weiss-law-investigates-usertesting-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Weiss Law Investigates UserTesting, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Oct. 27, 2022 \/PRNewswire\/ — Weiss Law\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of UserTesting, Inc. (“UserTesting” or the “Company”) (NYSE: USER), in connection with the proposed acquisition of the Company by Thoma Bravo and Sunstone Partners. Under the merger agreement, the Company’s shareholders will receive $7.50 in cash for each share of UserTesting common stock owned. The transaction is valued at $1.3 billion. 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