The merger between Grubhub and Just Eat Takeaway has resulted in Grubhub facing lawsuits from investors.
Grubhub announced that it is facing 14 lawsuits alleging that it deceived investors about its merger with Just Eat Takeaway.
Investors want the merger to be declared invalid until Grubhub can provide them a better bargain.
The investors claimed that Grubhub executives and board members withheld critical financial facts and huge payouts that they stood to get as part of the merger and failed to get the best possible pricing for Grubhub’s public shareholders, causing them substantial loss.
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