The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of SMAR...
27 April 2011 - 8:59PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
SMART Modular Technologies (WWH), Inc. (“SMART” or the “Company”)
(Nasdaq: SMOD) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Silver Lake Partners and Silver Lake Sumeru. Under the terms of
the transaction, SMART shareholders will receive $9.25 in cash per
share of SMART stock they own. The transaction has a total value of
approximately $645 million.
Click here to learn how to join the action:
http://www.zlk.com/smart-modular-technologies-smod.html, or call:
877-363-5972.
The investigation concerns whether the SMART Board of Directors
breached their fiduciary duties to SMART stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Silver Lake is underpaying for SMART shares, thus
unlawfully harming SMART stockholders. In particular, at least one
analyst set a price target of $11.00 per share of SMART stock.
If you own common stock in SMART and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://www.zlk.com/smart-modular-technologies-smod.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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