BALA CYNWYD, Pa., May 27, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Meru Networks,
Inc. ("Meru Networks" or "the Company") (Nasdaq -MERU-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Fortinet Inc.
("Fortinet").
Click here to learn more about the investigation
http://brodsky-smith.com/944-meru-meru-networks-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Meru Networks is being sold
for only $44 million and Meru
Networks shareholders will receive only $1.63 in cash for each share of Meru Networks
stock they own. The investigation concerns whether the Board of
Meru Networks breached their fiduciary duties to shareholders
and whether Fortinet is underpaying for Meru Networks. The
transaction may undervalue Meru Networks and will result in a loss
for many Meru Networks shareholders. For example, Meru Networks
stock traded at $3.53 per share as
recently as February 5, 2015 and an
analyst has $4.00 per share price
target for Meru Network stock.
If you own shares of Meru Network and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/944-meru-meru-networks-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC