LAVA Magma Design Automation, Inc. (MM)

Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Magma Design Automation Inc. (Nasdaq:LAVA) arising from its agreement for the Company to be acquired by Synopsys, Inc. (Nasdaq:SNPS).

Under the terms of the merger agreement, Magma shareholders will receive only $7.35 per share. The deal is anticipated to close during the second calendar quarter of 2012, subject to customary conditions, including the approval of regulators and Magma shareholders.

Weiss & Lurie is investigating whether Magma’s Board acted in the best interests of its shareholders in approving the transaction. Magma stock traded at $8.50 per share as recently as July 2011. Prior to the announcement of the deal, several analysts set the price target for the stock significantly above the price offered by Synopsys under the merger agreement, with a high target of $11.

If you own Magma shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin either by email at info@weisslurie.com or by telephone at (888) 593-4771.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.Attorney Advertising. Past results do not guarantee a similar outcome.

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