New Relic, Inc. (NYSE - NEWR)

New Relic, Inc. (NYSE – NEWR)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of New Relic, Inc. (NYSE – NEWR)

BALA CYNWYD – July 31, 2023 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of New Relic, Inc. (“New Relic” or the “Company”) (NYSE – NEWR) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Francisco Partners. Under the terms of the Agreement, New Relic shareholders will receive $87.00 in cash for each share they hold. The equity value of the deal is approximately $6.5 billion.

The investigation concerns whether the New Relic Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Francisco Partners is paying fair value to shareholders of the Company.

If you own shares of New Relic stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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