Science & Technology
Science and Technology
Science and Technology
Thu, January 6, 2011
Wed, January 5, 2011
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Athero
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Atheros Communications, Inc. (aAtherosa or the aCompanya) (Nasdaq: ATHR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Qualcomm Incorporated (aQualcomma) (Nasdaq: QCOM). Under the terms of the transaction, Atheros shareholders will receive $45 per share in cash for a total transaction value of $3.1 billion.
Click here to learn how to join the action: [ http://www.zlk.com/atheroscommunication.html ], or call: 877-363-5972.
The investigation concerns whether the Atheros Board of Directors breached their fiduciary duties to Atheros stockholders by failing to adequately shop the Company before entering into this transaction and whether Qualcomm is underpaying for Atheros shares, thus unlawfully harming Atheros stockholders.
If you own common stock in Atheros and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/atheroscommunication.html ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
