UPDATE - INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation of the Board of Directors of Silicon Image Inc. Reg...
January 30 2015 - 12:50PM
Business Wire
Levi & Korsinsky commences an investigation into the Board
of Directors of Silicon Image Inc. (“Silicon Image” 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.
Click here to learn more about the investigation:
http://www.zlkdocs.com/SIMG-Info-Request-Form-ma-2582.
Under the terms of the transaction, Silicon Image shareholders
will receive $7.30 in cash for each share of Silicon Image stock
they own. The investigation concerns whether the Board of Silicon
Image breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Lattice Semiconductor is underpaying for
Silicon Image shares. In particular, at least one analyst set a
price target for Silicon Image stock at $8.00 per share.
If you own Silicon Image common stock 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 visit
http://www.zlkdocs.com/SIMG-Info-Request-Form-ma-2582.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866)
367-6510www.zlk.com
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