Brower Piven Commences Investigation Into Proposed Sale Of Nimble Storage …

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of Nimble Storage, Inc. relating to the proposed buyout of Nimble Storage by Hewlett Packard Enterprise Development LP.

Under the terms of the agreement, Nimble Storage shareholders are anticipated to receive $12.50 in cash for each share of Nimble Storage common stock held. The firm’s investigation seeks to determine, among other things, whether the company’s board of directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the company’s shares of common stock.