Oplink Communications, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Koch Industries
November 19, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Oplink Communications, Inc. (“Oplink” or the “Company”) (NASDAQ:OPLK) breached its fiduciary duty to its shareholders in agreeing to sell Oplink to Koch Optics, Inc., a wholly owned Koch Industries subsidiary.
Under the terms of the agreement, Oplink shareholders will receive $24.25 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Oplink shareholders and the process by which the Oplink Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last twelve years.