Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Netezza Corporation - NZ
20 Septiembre 2010 - 12:06PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Netezza Corporation (“Netezza” or the “Company”)
(NYSE: NZ) for potential breaches of fiduciary duties in connection
with their conduct related to the sale of the Company to
International Business Machines Corporation (NYSE: IBM). The
proposed transaction offers Netezza shareholders to only receive
$27 in cash for each share they own.
Whether the Netezza’s Board of Directors breached their
fiduciary duties to Netezza’s stockholders by failing to conduct an
adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues Netezza’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
Netezza shareholders are the key focus of this investigation.
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, through 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 Netezza and wish to obtain additional
information, please visit us at www.faruqilaw.com/netezza 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.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2010 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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