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The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Herley Industries, Inc. in

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  Published in Science and Technology on Monday, February 14th 2011 at 15:30 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of Herley Industries, Inc. (aHerleya or the aCompanya) (Nasdaq: HRLY) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kratos Defense & Security Solutions, Inc. (aKratosa) (Nasdaq: KTOS). Under the terms of the proposed deal, Kratos will acquire all outstanding shares of Herley common stock in a tender offer for $19.00 per share for a total transaction value of approximately $270 million.

The investigation concerns whether the Herley Board of Directors breached their fiduciary duties to Herley stockholders by failing to adequately shop the Company before entering into this transaction and whether Kratos is underpaying for Herley shares.

If you own common stock in Herley and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/herley-industries-hrly.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.