Volterra being investigated in corporation buyout
Rigrodsky & Long, P.A.is investigating potential legal claims against the board of directors of Volterra Semiconductor Corporation.
This is regarding possible breaches of fiduciary duties and other violations of law related to the company's entry into an agreement to be acquired by Maxim Integrated Products, Inc. in a transaction valued at approximately $605 million.
A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary takes care of money for another person. One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has entrusted funds to the fiduciary for safekeeping or investment.
Under the terms of the agreement, public shareholders of Volterra will receive $23.00 per share in cash for each share of Volterra they own.
The investigation relates to whether Volterra's board of directors failed to adequately shop the company and obtain the best possible value for Volterra's shareholders before entering into an agreement with Maxim.
Rigrodsky & Long, P.A., 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.
