BALA CYNWYD, Pa., Feb. 5, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Cascade
Microtech Inc ("Cascade" or "the Company") (Nasdaq- CSCD-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to FormFactor Inc.
("FormFactor").
Click here to learn more about the investigation
http://brodsky-smith.com/1036-cscd-cascade-microtech-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Cascade shareholders will
receive only $16.00 in cash and
0.6534 of a share of FormFactor stock for each share of Cascade
stock they own. The investigation concerns whether the Board of
Cascade breached their fiduciary duties to shareholders and
whether FormFactor is underpaying for the Company. The transaction
may undervalue Cascade based upon the Company's strong financial
results. For example, for the fourth quarter of 2015, when compared
to the same period last year, total revenue increased by 10.4% and
income from operations increased by 58%. Further, Cascade has
indicated that the Company expected to financially outperform their
2015 results and grow faster than the markets they serve in
2016.
If you own shares of Cascade 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://brodsky-smith.com/1036-cscd-cascade-microtech-inc.html, 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