Bernstein Liebhard LLP Announces Investigation Into the Proposed Sale of Silver Spring Networks, Inc.
October 17, 2017
Bernstein Liebhard LLP is investigating whether the Board of Directors of Silver Spring Networks, Inc. (“Silver Spring” or the “Company”) (NYSE: SSNI) is breaching its fiduciary duties to its shareholders by agreeing to sell the Company to Itron, Inc. for $16.25 per share.
The investigation is focused on the potential unfairness of the consideration offered to Silver Spring shareholders and the process by which the Silver Spring 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.