SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Silicon Image, Inc.
January 29 2015 - 9:15PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Silicon Image, Inc. ("Silicon” or "the Company") (Nasdaq:SIMG) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Lattice
Semiconductor Corporation (“Lattice”).
Click here to learn more about the investigation
http://brodsky-smith.com/882-simg-silicon-image-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Silicon shareholders will
receive only $7.30 in cash for each share of Silicon stock they
own. The investigation concerns whether the Board of Silicon
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Lattice is underpaying for Silicon. The
transaction may undervalue Silicon and will result in a loss or no
real gain for many Silicon shareholders. For example, Silicon stock
traded at $7.32 per share as recently as December 9, 2014 and
traded at $9.73 per share on March 25, 2011. In addition, an
analyst has set an $8.00 per share price target for Silicon
stock.
If you own shares of Silicon 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/882-simg-silicon-image-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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/882-simg-silicon-image-inc.html
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