SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of Mergers involving Metromile, Inc., INSU Acquisition Corp. II, and Lemonade, Inc.
NEW YORK, Jan. 6, 2022 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Metromile, Inc. (NASDAQ: MILE) ("Metromile" or the "Company") stock prior to December 28, 2021, including, but by no means limited to, all Metromile shareholders who owned INSU Acquisition Corp. II ("INSU") stock prior to November 25, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Metromile with Lemonade, Inc. ("Lemonade") (NYSE: LMND). Under the terms of the merger, and subject to exceptions and qualifications, each Metromile stock will be converted into the right to receive 0.05263 shares of Lemonade common stock as well as cash (without interest and less any applicable withholding taxes) in lieu of any fractional shares of Lemonade common stock. In addition, Levi & Korsinsky, LLP is investigating the fairness of INSU's acquisition of Metromile, which was completed on February 9, 2021.
To learn more about the action and your rights, go to:
https://www.zlk.com/mna2/metromile-inc-information-request-form
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The merger investigation concerns whether stockholders have by harmed by the decisions of the boards of directors to enter into these transactions and whether all material facts have been properly disclosed to stockholders.
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP
