… As Well as Weiss & Lurie

Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by members of the Board of Directors of LaserCard Corp. arising from the proposed sale of LaserCard to ASSA ABLOY AB.

Under the terms of the transaction, LaserCard shareholders will receive $6.25 per share through a cash tender offer. The transaction is expected to close in LaserCard’s fiscal fourth quarter, ending April 1, 2011.

Weiss & Lurie is investigating whether LaserCard’s Board acted in the best interests of shareholders in approving the transaction and whether the Board properly sought to maximize shareholder value.