The Law Firm of Weiss & Lurie Investigates the Sale of LaserCard Corp. to ASSA ABLOY

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. (NASDAQ:LCRD) arising from the proposed sale of LaserCard to ASSA ABLOY.

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.

If you own LaserCard shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun either by email at infony@weisslurie.com or by telephone at (888) 593-4771.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at infony@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

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