BALA CYNWYD, Pa. -- (Business Wire)
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Silicon Image, Inc.
("Silicon” or "the Company") (Nasdaq:SIMG) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to Lattice Semiconductor Corporation (“Lattice”).
Click here to learn more about the investigation http://brodsky-smith.com/882-simg-silicon-image-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Silicon shareholders will receive
only $7.30 in cash for each share of Silicon stock they own. The
investigation concerns whether the Board of Silicon breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Lattice is underpaying for Silicon. The transaction may undervalue
Silicon and will result in a loss or no real gain for many Silicon
shareholders. For example, Silicon stock traded at $7.32 per share as
recently as December 9, 2014 and traded at $9.73 per share on March 25,
2011. In addition, an analyst has set an $8.00 per share price target
for Silicon stock.
If you own shares of Silicon 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/882-simg-silicon-image-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.
Contacts:
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J.
Smith, Esquire
877-LEGAL-90
http://brodsky-smith.com/882-simg-silicon-image-inc.html
Source: Brodsky & Smith, LLC
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