Law Firm Launches Investigation into Immunovant Inc. Over Alleged Fiduciary Breaches in Private Placement Deal
Immunovant Inc., a clinical-stage immunology company, is under investigation for potential breaches of fiduciary duty by its directors and officers, in connection with a private placement transaction. The investigation focuses on Immunovant's January 2025 transaction, where its controlling stockholder, Roivant Sciences Ltd., purchased approximately 16.9 million shares at $20.00 per share-a $3.48 discount to the prior day's closing price. This discount resulted in a benefit to Roivant of nearly $60 million, raising concerns about the fairness of the deal to other shareholders. The probe invites current Immunovant investors to provide information, emphasizing potential conflicts of interest and shareholder impact.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Immunovant Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1041022) on June 20, 2025, and is solely responsible for the information contained therein.
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