Ryan & Maniskas, LLP Announces Investigation of Virage Logic Corporation
June 10 2010 - 4:15PM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/virl) is
investigating potential claims against the board of directors of
Virage Logic Corporation ("Virage Logic" or the "Company")
(NASDAQ:VIRL) concerning possible breaches of fiduciary duty and
other violations of law related to the Company's entry into an
agreement to be acquired by Synopsys, Inc. (“Synopsys”), in a
transaction valued at approximately $315 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Virage Logic. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/virl.
Under the proposed agreement, Virage Logic shareholders will
receive $12.00 in cash for each Virage Logic share of common stock
they hold.
If you own shares of Virage Logic and would like to learn more
about these claims or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/virl. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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