SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Planar Systems, Inc.
13 Agosto 2015 - 8:46PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Planar Systems, Inc. ("Planar” or "the Company") (Nasdaq: PLNR) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Leyard
Optoelectronic Co., Ltd. (“Leyard”).
Click here to learn more about the investigation
http://brodsky-smith.com/971-plnr-planar-systems-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Planar shareholders will
receive only $6.58 in cash for each share of Planar stock they own.
The investigation concerns whether the Board of Planar breached
their fiduciary duties to shareholders and whether Leyard is
underpaying for Planar. The transaction may undervalue Planar and
will result in a loss or no real gain for many Planar shareholders.
For example, Planar stock traded at $8.68 as recently as December
29, 2014 and an analyst has set a price target for Planar stock at
$7.50 per share.
If you own shares of Planar 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/971-plnr-planar-systems-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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version on businesswire.com: http://www.businesswire.com/news/home/20150813005986/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/971-plnr-planar-systems-inc.html
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