Did Fusion Acquisition’s Board of Directors or Executive Officers Breach Their Fiduciary Duties to Fusion’s Shareholders?
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Fusion Acquisition Corp. (“Fusion”), now known as MoneyLion Inc. (“MoneyLion”) (NYSE: ML), breached their fiduciary duties to Fusion’s shareholders.
INVESTORS OF FUSION STOCK PRIOR TO THE MERGER WITH MONEYLION WHO CONTINUE TO HOLD MONEYLION STOCK SHARES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR MONEYLION/FUSION SECURITIES.
The investigation concerns whether Fusion’s board of directors or executive officers breached their duties of disclosure, requirements to act in good faith, and whether former Fusion’s shareholders suffered damages as a result.
On September 21, 2021, Fusion shareholders of record as of September 2, 2021, approved a merger between Fusion and MoneyLion. MoneyLion has reported that it is under investigation by numerous federal and state regulators. Immediately after the merger, MoneyLion’s stock price dropped significantly.
At the close of trading on April 12, 2022, the stock price of MoneyLion was $2.12 per share.