Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of sTec, Inc. Over the Proposed Sale of the Compan...
25 Giugno 2013 - 1:00AM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of sTec, Inc. (“sTec” or the
“Company”) (NasdaqGS: STEC) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Western Digital Corp. (NasdaqGS: WDC) in a deal valued
at approximately $340 million. Under the terms of the proposed
transaction, sTec’s stockholders will receive $6.85 in cash for
each share of sTec common stock they own.
Request more information now by clicking here:
www.faruqilaw.com/STEC. There is no cost or
obligation to you.
The investigation focuses on whether sTec’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
sTec’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in sTec and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/STEC or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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