… And The Briscoe Law Firm and Powers Taylor ..

The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Compellent Technologies, Inc. related to the proposed acquisition of Compellent Tech by Dell Inc. The investigation relates to the potential unfairness of the proposed transaction, due in large part to the fact that Compellent Tech shareholders will receive substantially less for their shares in the deal than recent share closing values.

The definitive acquisition agreement, which was announced on December 13, 2010, involves a transaction valued at approximately $820 million that is expected to close in early 2011. Under the proposed transaction, Compellent Tech shareholders will receive a cash payment of $27.75 for each share of Compellent Tech/CML common stock they hold. “Because Compellent Tech shares traded at over $34 per share in the week prior to the merger announcement, we feel that the price offered to Compellent Tech shareholders is unfair,” said shareholder rights attorney Willie Briscoe. Further, at least one analyst has set a target price as high as $40 per share for Compellent Tech stock.

The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Compellent Tech for approving this transaction and whether Compellent Tech’s Board of Directors acted in the shareholders’ best interests and fully disclosed all material aspects of the proposed transaction.