Andrews & Springer LLC filed a stockholder derivative complaint (the “Complaint”) on behalf of nominal defendant Fidelity National Financial, Inc. (“FNF” or the “Company”) against the Company’s board of directors (the “Board”). The Complaint challenges the Board’s conflicted decision to acquire FGL Holdings for $2.7 billion, at a significant premium, as announced on February 7, 2020 (the “Transaction”). Specifically, the Complaint alleges that the Transaction greatly benefitted FNF’s Chairman, Bill Foley, through various conflicted side deals that were not shared with the remainder of FNF’s stockholders generally.

Please click here for a copy of the public Complaint which was filed on August 4, 2020.