Monteverde & Associates PC Investigates SolarWinds Corporation over Proposed Merger with Turn/River Capital
NEW YORK, Feb. 27, 2025 – Monteverde & Associates PC, a renowned securities class action law firm headquartered at the iconic Empire State Building in New York City, has announced that it is investigating SolarWinds Corporation (NYSE: SWI) regarding the proposed merger with Turn/River Capital. The firm has a track record of recovering millions of dollars for shareholders and is ranked among the Top 50 Firms by ISS Securities Class Action Services Report.
Background on SolarWinds Corporation
SolarWinds Corporation, based in Austin, Texas, is a leading provider of IT management software that helps businesses and organizations manage and monitor their IT infrastructure. Its popular products include SolarWinds Orion Platform, SolarWinds Server & Application Monitor, and SolarWinds Network Performance Monitor.
The Proposed Merger with Turn/River Capital
On December 2, 2024, SolarWinds Corporation announced that it had entered into a definitive agreement to be acquired by Turn/River Capital, a private equity firm, for approximately $7.4 billion. The transaction is expected to close in the first half of 2025, subject to customary closing conditions and regulatory approvals.
Investigation by Monteverde & Associates PC
Monteverde & Associates PC is investigating potential violations of federal securities laws concerning SolarWinds Corporation’s failure to disclose material information regarding the proposed merger, including any related parties’ potential conflicts of interest and the merger’s true financial terms. The firm is encouraging SolarWinds shareholders to contact them for more information.
Impact on Shareholders
If the investigation reveals that SolarWinds Corporation and/or its executives misrepresented facts or failed to disclose material information regarding the merger, shareholders may be entitled to compensation. Monteverde & Associates PC has successfully recovered millions of dollars for shareholders in similar cases.
Impact on the World
The investigation and potential litigation could have far-reaching consequences. If it is found that SolarWinds Corporation and/or its executives misrepresented information, it could lead to increased scrutiny of mergers and acquisitions in the technology sector and beyond. This could result in more transparency and disclosure, ultimately benefiting investors and the broader business community.
Conclusion
Monteverde & Associates PC’s investigation into SolarWinds Corporation’s proposed merger with Turn/River Capital underscores the importance of transparency and disclosure in corporate transactions. Shareholders have a right to know the true financial terms and potential conflicts of interest. The outcome of this investigation could set a precedent for future mergers and acquisitions, ensuring that investors are protected and that the business world operates with integrity.
- Monteverde & Associates PC is investigating SolarWinds Corporation regarding potential securities law violations related to the proposed merger with Turn/River Capital.
- Shareholders may be entitled to compensation if misrepresentations or undisclosed information are found.
- The investigation could lead to increased transparency and disclosure in mergers and acquisitions.
