Rigrodsky & Long, P.A. Announces Investigation of AuthenTec, Inc. Buyout
August 01 2012 - 3:07PM
Marketwired
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of AuthenTec,
Inc. ("AuthenTec" or the "Company") (NASDAQ: AUTH) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
Apple Inc. ("Apple") (NASDAQ: AAPL) in a transaction valued at
approximately $356 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/authentec-inc-auth.
Under the terms of the proposal, public shareholders of
AuthenTec will receive $8.00 per share in cash for each share of
AuthenTec they own.
The investigation concerns whether AuthenTec's board of
directors failed to adequately shop the Company and obtain the best
possible value for AuthenTec's shareholders before entering into an
agreement with Apple.
If you own the common stock of AuthenTec and purchased your
shares before July 26, 2012, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/authentec-inc-auth. At
the current time, one action has been filed in Delaware Chancery
Court.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
CONTACT: Rigrodsky & Long, P.A. Peter Allocco (888) 969-4242
(516) 683-3516 Fax: (302) 654-9430 Email Contact
http://www.rigrodskylong.com
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