SonicWall, Inc. Merger Litigation (Nasdaq: SNWL)
Law Office of Brodsky & Smith, LLC Announces Investigation of SonicWall, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of SonicWall, Inc. (“SonicWall” or the “Company”) (Nasdaq: SNWL – News) relating to the proposed acquisition of SonicWall by an investor group including Thoma Bravo, LLC (“Thoma Bravo”). Under the terms of the agreement, SonicWall shareholders would receive $11.50 in cash for each share of SonicWall common stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the SonicWall board’s approval of the proposed transaction. The transaction appears to be unfair, in part, given that SonicWall stock was trading at $10.75 a share as recently as April 23, 2010 and an analyst placed a $13 per share price target on SonicWall.
If you own shares of SonicWall and wish to discuss the legal ramifications of the proposed transaction, 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 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
To Join the SonicWall, Inc. Litigation
Fill out this form
The complaint is unavailable at this time