April 22, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Power-One, Inc. (“Power-One” or the “Company”) (NASDAQ: PWER) breached its fiduciary duty to its shareholders in agreeing to sell Power-One to ABB (NYSE: ABB).
Under the terms of the agreement, Power-One shareholders will receive $6.35 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Power-One shareholders and the process by which the Power-One 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 ten years.