The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Standard Mic...
04 Juin 2012 - 5:12PM
Levi & Korsinsky notifies investors of Standard Microsystems
Corp. ("Standard Microsystems" or the "Company") (Nasdaq:SMSC) of
claims of breaches of fiduciary duty and other violations of state
law against the board of directors of the Company in connection
with the sale of the Company to Microchip Technology Inc.
(Nasdaq:MCHP). Under the terms of the agreement, Standard
Microsystems shareholders will receive $37 per share. The
transaction has a total approximate value of $939 million. A
complaint was filed in Delaware state court.
Click here to learn how to join the action:
http://zlk.9nl.com/SMSC-IS, or call: 877-363-5972. There is no cost
or obligation to you.
The claims concern whether the Standard Microsystems Board of
Directors breached their fiduciary duties to Standard Microsystems
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Microchip Technology
Inc. is underpaying for Standard Microsystems shares, thus
unlawfully harming Standard Microsystems stockholders.
If you own common stock in Standard Microsystems 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
http://zlk.9nl.com/SMSC-IS.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. 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 securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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