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The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Motorola Mobility Holdings, Inc.

  //science-technology.news-articles.net/content/2 .. stigation-of-motorola-mobility-holdings-inc.html
  Published in Science and Technology on Monday, August 15th 2011 at 9:06 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the acquisition of Motorola Mobility Holdings, Inc. (aMotorolaa or aMMIa) (NYSE: MMI) on behalf of shareholders. Motorola recently entered into an acquisition agreement with Google Inc. in which Motorola will be bought out by Google, and Motorola shareholders will receive $40.00 in cash for each share of Motorola/MMI owned.

"Based on these and other factors, we are additionally investigating whether the transaction undervalues the stock, and our anticipated lawsuit will seek to obtain the highest share price for all shareholders"

If you are an affected shareholder, and you want to learn more about the investigation or join the action, 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 definitive acquisition agreement involves an all cash transaction valued at approximately $12.5 billion. The transaction is expected to be completed by the end of 2011 or in early 2012.

aWe are investigating the fairness of the proposed transaction to Motorola shareholders, whether the shareholders are being underpaid for their stock, and whether Motorolaa™s Board of Directors acted in the shareholdersa™ best interests,a said shareholder rights attorney Willie Briscoe. In particular, although Motorola reported that the acquisition price represents a premium over MMIa™s closing price the day prior to the announcement, at least on analyst has set a target price of $42.00 per share for Motorola/MMI stock. aBased on these and other factors, we are additionally investigating whether the transaction undervalues the stock, and our anticipated lawsuit will seek to obtain the highest share price for all shareholders,a said Willie Briscoe.

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 matters.

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