The Briscoe Law Firm, PLLC & Powers Taylor, LLP Investigate Possible Breaches of Fiduciary Duties Concerning the Merger & Acq...
August 19 2010 - 2:31PM
Business Wire
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 McAfee, Inc. (“MFE” or “Company”) (NYSE: MFE) related to the
proposed acquisition of McAfee by Intel Corporation (NASDAQ:
INTC).
The agreement involves a cash transaction valued at
approximately $7.68 billion, under which MFE shareholders will
receive $48 in cash for each share of MFE common stock they hold.
As part of the acquisition, certain senior staff of MFE will remain
with the Company. The investigation relates to possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of MFE for approving this transaction, whether the
consideration to be received by MFE shareholders is fair, and
whether MFE’s board of Directors acted in the shareholders’ best
interests.
If you currently own shares of McAfee, Inc. and would like
additional information regarding this investigation, or if you have
information regarding the allegations involving this transaction,
please contact Patrick Powers at Powers Taylor, LLP, toll free
(877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie
Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or
via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or
fee to you.
The Briscoe Law Firm is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20
years of experience in complex litigation and transactional
matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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