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Sept. 27, 2021, 5:13 p.m. EDT

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Gores Guggenheim, Inc. (Nasdaq - GGPI)

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September 27, 2021 (ACCESSWIRE via COMTEX) -- BALA CYNWYD, PA / ACCESSWIRE / September 27, 2021 / Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Gores Guggenheim, Inc. ("GGPI" or the "Company") /zigman2/quotes/226726518/composite GGPI -1.25% for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which GGPI, a special purpose acquisition company, will combine with Polestar Performance AB and its affiliates ("Polestar"), a global electric performance car company, and result in Polestar becoming a publicly-listed company. Under the terms of the agreement, GGPI shareholders will retain ownership of less than 6% of the combined company.

The investigation concerns whether the GGPI 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 GGPI 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 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, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/gores-guggenheim-inc-nasdaq-ggpi/ , or call toll free 855-576-4847.

Brodsky & Smith 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

View source version on accesswire.com: https://www.accesswire.com/665666/SHAREHOLDER-NOTICE-Brodsky-Smith-Announces-an-Investigation-of-Gores-Guggenheim-Inc-Nasdaq--GGPI


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Copyright 2021 ACCESSWIRE

US : U.S.: Nasdaq
$ 11.04
-0.14 -1.25%
Volume: 2.96M
Jan. 19, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$1.12 billion
Rev. per Employee

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