MERU NETWORKS, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Sale to Fortinet Inc.
May 28 2015 - 1:09PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Meru Networks, Inc. (“Meru”) (NASDAQ: MERU) concerning
the sale to Fortinet Inc. Under the terms of the agreement, Meru
shareholders will only receive $1.63 in cash for each share owned,
which is virtually no premium over the 52-week high and
significantly lower than at least one analyst’s estimated value of
$4.00 per share.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick
Powers at Powers Taylor LLP via e-mail at
shareholder@powerstaylor.com or by calling toll free at (877)
728-9607. There is no cost or fee to you.
The investigation centers on whether Meru’s Board of Directors
is acting in the shareholders’ best interests, whether the board
considered alternatives to the acquisition, and whether the board
has employed an adequate process to review and act on the proposed
transaction. Notably, at least one analyst with Yahoo! Finance
believes the true inherent value of the stock could be as high as
$4.00.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150528006316/en/
The Briscoe Law Firm, PLLCWillie Briscoe,
877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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