23andMe Shareholder Lawsuit

Audet & Partners, LLP is investigating claims as part of a potential 23andMe shareholder lawsuit alleging that recent executive decisions have illegally and unfairly imperiled the value of 23andMe stock.

It was recently reported that all independent directors of 23andMe abruptly resigned from the board upon learning that CEO and co-founder Anne Wojcicki, who for some time has planned to take the company private, has failed to produce a “fully-financed, fully diligenced, actionable proposal that is in the best interests of the non-affiliated shareholders.”

Plans to restructure the company surfaced as a result of widening fiscal losses that more than doubled in the most recent fiscal year to approximately $667 million.

Shareholders of 23andMe public stock may have legal claims arising out of the plan of Ms. Wojcicki, who holds a 49% interest in the company, to convert the company to a private entity without entertaining bona fide third-party bids for outstanding stock. Because of the absence of any competitive bidding in this situations, it is highly conceivable that shareholders will realize significantly less return on their investment in 23andMe.

If you are, or have been a shareholder of 23andMe, you may have a claim for damages as part of a 23andMe shareholder lawsuit. You are urged to contact Audet & Partners, LLP for a free, confidential case assessment to determine whether you might have a legal claim as part of this class action lawsuit. You can contact us by completing and submitting the inquiry form on this page, or by giving us a call at 800-965-1461.