Bernstein Liebhard LLP Announces Investigation Into the Proposed Sale of Ixys Corporation
October 19, 2017
Bernstein Liebhard LLP is investigating whether the Board of Directors of IXYS Corporation (“IXYS” or the “Company”) (NASDAQ: IXYS) is breaching its fiduciary duties to its shareholders by agreeing to sell the Company to Littelfuse, Inc. for $23.00 in cash, or 0.1265 of a share of Littelfuse, per IXYS share.
The investigation is focused on the potential unfairness of the consideration offered to IXYS shareholders and the process by which the IXYS Board of Directors considered and approved the acquisition.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer, and shareholder rights cases and recovered over $3.5 billion for its clients. The Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times.