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The Briscoe Law Firm Investigates ActivIdentity Corporation for Shareholders Concerning the Buy-Out by ASSA ABLOY AB

^{Published on 2010-10-12 10:05:37 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of [ ActivIdentity Corporation ] (aActivIdentitya or ACTIa) (NASDAQ: ACTI) related to the proposed acquisition of ACTI by ASSA ABLOY AB, the parent company of HID Global.

The definitive acquisition agreement involves a transaction valued at approximately $162 million under which ActivIdentity shareholders will receive $3.25 in cash per each share of ACTI common stock they hold. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of ActivIdentity for approving this transaction and whether ActivIdentitya™s Board of Directors acted in the shareholdersa™ best interests.

If you currently own shares of ActivIdentity/ACTI and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.