BALA CYNWYD, Pa., July 28, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of NetSuite, Inc.
("NetSuite" or "the Company") (NYSE- N-News) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to Oracle Corporation ("Oracle").
Click here to learn more about the investigation
http://brodsky-smith.com/1108-n-netsuite-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, NetSuite shareholders will
receive only $109.00 in cash for each
share of NetSuite stock they own. The investigation concerns
whether the Board of NetSuite breached their fiduciary duties
to shareholders and whether Oracle is underpaying for the Company.
The transaction may undervalue the Company and would result in a
loss for many long-term NetSuite shareholders. For example,
NetSuite stock traded at $113.13 per
share on December 26, 2014 and an
analyst has set a price target for NetSuite stock at $130.00 per share. In addition, the premium being
paid is below comparable transactions.
If you own shares of NetSuite stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004,
by visiting http://brodsky-smith.com/1108-n-netsuite-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC