The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Atheros Co...
06 Januar 2011 - 1:25AM
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.
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