… And Rigrodsky & Long …

Regarding possible breaches of fiduciary duties by Brocade

This is a Press Release edited by StorageNewsletter.com on November 3, 2016 at 2:38 pm

Rigrodsky & Long, P.A. is investigating potential legal claims against the board of directors of Brocade Communications Systems, Inc. regarding possible breaches of fiduciary duties and other violations of law related to the company’s entry into an agreement to be acquired by Broadcom Limited, in a transaction valued at approximately $5.9 million.

Under the terms of the agreement, shareholders of Brocade will receive $12.75 in cash for each share of Brocade common stock.

The investigation concerns whether Brocade’s board of directors failed to adequately shop the company and obtain the be