Wolf Haldenstein Investigating SonicWALL, Inc. Board
08 Juin 2010 - 12:56AM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of SonicWALL, Inc.
(“SonicWALL” or the “Company”) [NASDAQ:SNWL] arising out of the
proposed acquisition of SonicWALL by an investor group lead by
Thoma Bravo, LLC, and which includes the Ontario Teachers’ Pension
Plan, (“the investor group”).
On Wednesday, June 2, 2010, SonicWALL announced that the
investor group will acquire SonicWALL pursuant to an all cash
offer. Under the terms of the agreement, SonicWALL stockholders
will receive cash of $11.50 in exchange for each share of SonicWALL
common stock. However, the Company may not have adequately shopped
itself before entering into this transaction and, pursuant to this
proposed transaction, the investor group may be underpaying for
SonicWALL, thus unlawfully harming SonicWALL shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own SonicWALL common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Gustavo Bruckner or Derek Behnke Wolf Haldenstein Adler Freeman
& Herz LLP 270 Madison Avenue
New York, New York 10016
Phone Numbers: (800) 575-0735 (212) 545-4600 Email:
bruckner@whafh.com
Classmember@whafh.com
Website: http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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