NEW YORK, March 27, 2012 /PRNewswire/ -- Bernstein
Liebhard LLP is investigating whether the Board of Directors of
Opnext, Inc. ("Opnext" or the "Company") (NASDAQ: OPXT) breached
its fiduciary duty to its shareholders in agreeing to sell Opnext
to Oclaro, Inc.
(Logo:
http://photos.prnewswire.com/prnh/20120202/MM47134LOGO)
Under the terms of the agreement, Opnext shareholders will
receive a fixed ratio of 0.42 shares of Oclaro common stock for
each share they own. The investigation is focused on the
potential unfairness of the price to Opnext shareholders and the
process by which the Opnext Board of Directors considered and
approved the transaction.
If you are interested in discussing your rights as an Opnext
stockholder, with no obligation or cost to you, please contact
U. Seth Ottensoser at:
(877) 779-1414
or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered over $3 billion for its clients. It has been
named to The National Law Journal's "Plaintiffs' Hot List"
in each of the last nine years.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP. The
law firm responsible for this advertisement is Bernstein Liebhard
LLP, 10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for
this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
SOURCE Bernstein Liebhard LLP