Law Firm Roy Jacobs & Associates Investigates Emulex

Roy Jacobs & Associates, a law firm representing investors nationwide, is investigating potential claims on behalf of shareholders of Emulex Corporation concerning possible breaches of fiduciary duty and securities law violations.

Emulex provides network connectivity, monitoring, and management products for networks that support enterprise, cloud, government, and telecommunications worldwide.

The investigation is focused on:

• potential breaches of fiduciary duty on the part of the Emulex board of directors involving a buy-back of company shares and the issuance of convertible preferred debt; and
• whether the securities laws were violated with respect to the facts surrounding the May 1, 2014, 29% drop in Emulex’s share price upon reporting third quarter 2014 revenues and earnings which missed analysts’ estimates. The revenue decline was quite pronounced in the company’s largest product line, its Network Connectivity Products.