NEW YORK--([ BUSINESS WIRE ])--MURRAY FRANK LLP is investigating possible breaches of fiduciary duties by members of the board of directors of OPTi, Inc. (OTC: OPTI) (aOPTia or the aCompanya) in relation to the boardas approval of the voluntary winding up and dissolution of the Company pursuant to a Plan of Liquidation (the aProposed Liquidationa).
The investigation focuses on whether OPTias board of directors breached their fiduciary duties and violated securities laws in connection with their unanimous vote to liquidate the Companyas assets. For more information regarding our investigation, please contact Murray Frank LLP (Bridget V. Hamill) toll free at (800) 497-8076 or by email at [ investigations@murrayfrank.com ].
On January 12, 2012, OPTi filed a Schedule 14A preliminary proxy statement (the aProxya) with the Securities and Exchange Commission announcing that it had unanimously approved the Proposed Liquidation. The investigation concerns, among other things, whether the Proposed Liquidation is in the best interests of the Companyas stockholders, including whether the Proposed Liquidation - which does not take into account the value of patent infringement claims that the Company has against other entities that have infringed on its patents a" adequately compensates the OPTias stockholders and reflects the Companyas true value.
If you are a current investor in OPTi, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget V. Hamill at (800) 497-8076 or (212) 682-1818, or by email at [ investigations@murrayfrank.com ].