… And Ryan & Maniskas …
For possible breaches of fiduciary duty
This is a Press Release edited by StorageNewsletter.com on August 17, 2010 at 3:47 pmRyan & Maniskas, LLP is investigating potential claims against the board of directors of 3Par, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Dell Inc. in a transaction with a value of approximately $1.15 billion.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of 3Par.
Under the proposed agreement, 3Par shareholders will receive $18.00 per share in cash for each share of 3Par they own.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan and Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.