Science & Technology
Science and TechnologyScience and Technology 
Tue, February 22, 2011
Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Zoran Corporation
BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Zoran Corporation ("Zoran" or the "Company") (Nasdaq: ZRAN) 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 CSR PLC (aCSRa). Under the terms of the proposed transaction, Zoran shareholders are to receive 1.85 ordinary shares of CSR in the form of American Depositary Shares for each share of Zoran common stock held.
The investigation involves whether the Board of Directors of Zoran breached their fiduciary duties to Zoran stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Zoran has disclosed all material information to shareholders about the proposed transaction. Specifically, over the past four months, Zorana™s stock has increased over 51% from October 26, 2010 to February 17, 2011. Further, Dr. Levy Gerzberg, Co-Founder, President, CEO and Director of Zoran will be joining the CSR board as a Non-Executive Director.
If you own stock in Zoran and wish to obtain additional information about your rights, 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.
| Jonathan M. Stein, Esq. |
| Law Office of Jonathan M. Stein, P.L. |
| 120 E. Palmetto Park Rd., Suite 420 |
| Boca Raton, FL 33432 |
| (561) 961-2244 |