PHILADELPHIA, PA / ACCESSWIRE / September 23, 2024 / The law firm of Barrack, Rodos & Bacine is investigating 23andMe Holding Co. (NASDAQ:ME) regarding the mass resignation of all of the independent members of the board of directors following the presentation of an offer by the CEO and co-founder, Anne Wojcicki, to acquire the remaining shares of the company not currently owned by her or her affiliates for a mere 40 cents per share. WHAT'S THIS ABOUT?
NEW YORK, NY / ACCESSWIRE / September 20, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into 23andMe Holding Co. (NASDAQ:ME) regarding whether the board of directors and the co-founder and current CEO Anne Wojcicki ("Wojcicki") of 23andMe breached their fiduciary duties in connection with Wojcicki's ongoing effort to purchase all 23andMe shares she does not already own. If you are a holder of 23andMe, you are encouraged to submit your information at: Click Here
All of 23andMe's independent directors resigned from its board this week, a rare move that marks the latest challenge for the genetic-testing company.
NEW YORK, NY / ACCESSWIRE / September 19, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into 23andMe Holding Co. (NASDAQ:ME) regarding whether the board of directors and the co-founder and current CEO Anne Wojcicki ("Wojcicki") of 23andMe breached their fiduciary duties in connection with Wojcicki's ongoing effort to purchase all 23andMe shares she does not already own. If you are a holder of 23andMe, you are encouraged to submit your information at: Click Here
The genetic-testing company's entire board resigned in protest of its CEO's buy-out offer.
The board has rejected both of Anne Wojcicki's buyout proposals to save the struggling genetics company
The board resignations followed CEO Anne Wojcicki's latest proposal to take the company private.
The directors said the decision comes after months of work that failed to result in an actionable plan that meets the interests of non-affiliated shareholders.
23andMe, the personal genomics company, went public in early 2021 via a merger with a blank check company that valued it at $3.5 billion. Then its fortunes began to sink.
All seven independent directors resigned from 23andMe's board Tuesday, effective immediately. The directors had formed a special committee in March tasked with helping the struggling company find a new path forward.
The independent directors of genetic testing firm 23andMe said on Tuesday they have resigned from the company's board after not receiving a satisfactory take-private offer from CEO Anne Wojcicki.
23andMe will reportedly pay $30 million to settle a lawsuit tied to a data breach. As Reuters reported Friday (Sept.