SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Emulex Corp.
04 Março 2015 - 6:33PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Emulex Corp. ("Emulex” or "the Company") (NYSE: ELX) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Avago Technologies
Limited. (“Avago”).
Click here to learn more about the investigation
http://brodsky-smith.com/893-elx-emulex-corp.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Emulex shareholders will
receive only $8.00 in cash for each share of Emulex stock they own.
The investigation concerns whether the Board of Emulex breached
their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into this transaction,
and whether Avago is underpaying for Emulex. The transaction may
undervalue Emulex and will result in a loss or no real gain for
many Emulex shareholders. For example, Emulex stock traded at
$11.01 per share on February 3, 2012 and traded at $7.63 per share
as recently as April 2, 2014.
If you own shares of Emulex common 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, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/893-elx-emulex-corp.html, or calling toll
free 877-LEGAL-90.
Brodsky & Smith, LLC 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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/893-elx-emulex-corp.html
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