NEW YORK, Oct. 7, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Social Capital Hedosophia Holdings Corp III (“IPOC” or the “Company”) (NYSE: IPOC) in connection with the Company’s proposed merger with privately-held healthcare company Clover Health Investments, Corp. (“Clover Health”). Under the terms of the merger agreement, IPOC will acquire Clover Health through a reverse merger that will result in Clover Health becoming a publicly-listed company. The deal implies a value of $3.7 billion for Clover Health, including $1.2 billion in cash proceeds.
If you own IPOC shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036