Federman & Sherwood Announces That a Lawsuit Has Been Filed Against Sourcefire, Inc. (NASDAQ: FIRE)
12 Agosto 2013 - 8:48PM
Marketwired
On August 6, 2013, a lawsuit was filed in Maryland state court
against Sourcefire, Inc. (NASDAQ: FIRE) ("Sourcefire"). The
complaint alleges violations of state law and possible breaches of
fiduciary duty by Sourcefire's officers and directors in connection
with the proposed sale of Sourcefire to Cisco Systems, Inc.
("Cisco") by failing to adequately shop Sourcefire before agreeing
to enter into this transaction, and whether Cisco is underpaying
for Sourcefire shares.
On July 26, 2013, Sourcefire announced that its board of
directors had agreed to sell Sourcefire to Cisco for $76 per share
in cash in exchange for each share of Sourcefire, and that Cisco
would assume outstanding equity awards for an aggregate purchase
price of approximately $2.7 billion, including retention-based
incentives.
If you wish to discuss this action, obtain further information
and participate in this or any other securities litigation, or
should you have any questions or concerns regarding this notice or
preservation of your rights, please contact:
K. Lynn Nunn FEDERMAN & SHERWOOD 10205 North Pennsylvania
Avenue Oklahoma City, OK 73120 Email to: kln@federmanlaw.com Or,
visit the firm's website at www.federmanlaw.com
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