SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Cascade Microtech Inc.
February 12 2016 - 7:21PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Cascade Microtech Inc. ("Cascade” or "the Company") (Nasdaq: CSCD)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to FormFactor
Inc. (“FormFactor”).
Click here to learn more about the investigation
http://brodsky-smith.com/1036-cscd-cascade-microtech-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Cascade shareholders will
receive only $16.00 in cash and 0.6534 of a share of FormFactor
stock for each share of Cascade stock they own. The investigation
concerns whether the Board of Cascade breached their fiduciary
duties to shareholders and whether FormFactor is underpaying for
the Company. The transaction may undervalue Cascade based upon the
Company’s strong financial results. For example, for the fourth
quarter of 2015, when compared to the same period last year, total
revenue increased by 10.4% and income from operations increased by
58%. Further, Cascade has indicated that the Company expected to
financially outperform their 2015 results and grow faster than the
markets they serve in 2016.
If you own shares of Cascade and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1036-cscd-cascade-microtech-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/1036-cscd-cascade-microtech-inc.html