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NEW YORK, July 12, 2021 /PRNewswire/ — Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Legato Merger Corp. (“LEGO” or the “Company”) (LEGO) relating to its proposed acquisition of Algoma Steel, Inc. Under the terms of the agreement, LEGO will acquire Algoma through a reverse merger, with Algoma emerging as a publicly traded company. The investigation focuses on whether Legato Merger Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.
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