Science & Technology
Science and Technology
Science and Technology 
Tue, September 14, 2010
Mon, September 13, 2010
Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of ArcSight, Inc.
BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of ArcSight, Inc. ("ArcSight" or the "Company") (Nasdaq: ARST) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Hewlett-Packard Company (aHPa). Under the terms of the proposed transaction, ArcSight shareholders are to receive $43.50 in cash for each share of ArcSight common stock they own.
The investigation involves whether the Board of Directors of ArcSight breached their fiduciary duties to ArcSight stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether ArcSight has disclosed all material information to shareholders about the proposed transaction. Specifically, according to Yahoo Finance, over the past two years, ArcSighta™s stock outperformed the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average by approximately 300%.
If you own stock in ArcSight and wish to obtain additional information or discuss your rights as a shareholder, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [ jstein@jonathansteinlaw.com ] or by telephone at (561) 961-2244.
The Law Office of Jonathan M. Stein, P.L.represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, [ www.jonathansteinlaw.com ], and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.
| Law Office of Jonathan M. Stein, P.L. |
| Jonathan M. Stein, Esq. |
| (561) 961-2244 |
| 120 E. Palmetto Park Rd., Suite 420 |
| Boca Raton, FL 33432 |