BALA CYNWYD, Pa., Dec. 28, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of InvenSense, Inc.
("InvenSense" or "the Company") (NYSE: INVN) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to TDK Corporation. ("TDK").
Click here to learn more
http://www.brodskysmith.com/cases/invensense-inc-nyse-invn/, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, InvenSense shareholders will
receive only $13.00 in cash for each
share of InvenSense stock they own. The investigation concerns
whether the Board of InvenSense breached their fiduciary
duties to shareholders and whether TDK is underpaying for the
Company. The transaction may undervalue the Company and would
result in a loss for many InvenSense shareholders. For example,
shares of InvenSense stock traded at $16.28 per share on June
18, 2015 and the price being paid by TDK may be below the
premium paid in comparable transactions.
If you own shares of InvenSense 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://www.brodskysmith.com/cases/invensense-inc-nyse-invn/, 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