Bernstein Liebhard LLP Announces Investigation of NetLogic Microsystems, Inc.
September 12, 2011
Bernstein Liebhard LLP is investigating whether the Board of Directors of NetLogic Microsystems, Inc. (“NetLogic Microsystems” or the “Company”) (NASDAQ: NETL) breached its fiduciary duty to its shareholders in agreeing to sell NetLogic Microsystems to Broadcom Corporation.
Under the terms of the agreement, NetLogic Microsystems shareholders will receive $50 in cash for each share they own. The investigation is focused on the potential unfairness of the price to NetLogic Microsystems shareholders and the process by which the NetLogic Microsystems Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a NetLogic Microsystems shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer, and antitrust cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last eight years.