An investigation on behalf of investors in PAE Incorporated (NASDAQ:PAE) shares over potential wrongdoing at PAE Incorporated was announced.
San Diego, CA -- (SBWIRE) -- 04/22/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at PAE Incorporated fka. Gores Holdings III, Inc.
Investors who purchased shares of PAE Incorporated fka. Gores Holdings III, Inc (NASDAQ: PAE formerly Nasdaq CM: GRSH, GRSHU, and GRSHW) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain PAE Incorporated directors breached their fiduciary duties and caused damage to the company and its shareholders.
Falls Church, VA based PAE Incorporated provides operational solutions and outsourced services for the United States government, other allied governments, international organizations, and companies. The company operates through two segments, Global Mission Services and National Security Solutions.
On November 1, 2019, Platinum Equity portfolio company PAE, announced it has entered into an agreement and plan of merger with Gores Holdings III, Inc. (NASDAQ CM: GRSH, GRSHU, and GRSHW).
On February 10, 2020, Gores Holdings III, Inc. (Nasdaq CM: GRSH, GRSHU, and GRSHW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, announced that it completed the acquisition of Platinum Equity portfolio company PAE.
In connection with the transaction, Gores Holdings III has been renamed PAE Incorporated and its common stock and warrants now trade on Nasdaq under the symbols "PAE" and "PAEWW", respectively.
Those who purchased shares of PAE Incorporated (NASDAQ: PAE) have certain options and should contact the Shareholders Foundation.
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