Science & Technology
Science and Technology
Science and Technology
Fri, January 7, 2011
Thu, January 6, 2011
The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Atheros Comm
NEW YORK--([ BUSINESS WIRE ])--The Law Offices of Vincent Wong are investigating the Board of Directors of Atheros Communications, Inc. (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 (Nasdaq: QCOM). Under the terms of the transaction, Atheros shareholders will receive $45 in cash for each share they own for a total transaction value of approximately $3.1 billion.
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, thereby unlawfully harming Atheros stockholders.
If you own common stock in Atheros and wish to obtain additional information, please contact Vincent Wong, Esq. either via email [ vw@wongesq.com ], by telephone at 212.584.2740, or visit [ http://www.wongesq.com/atheros.html ].
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
