SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Advanced Photonix, Inc. And Encourages I...
February 10 2015 - 1:19PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Advanced Photonix, Inc. (“Advanced
Photonix” or the “Company”) (NYSE: API) relating to the proposed
buyout of the Company by Luna Innovations Incorporated
(“Luna”).
Under the terms of the transaction, Advanced Photonix
shareholders are anticipated to receive 0.31782 shares of Luna
common stock for each share of Advanced Photonix stock they own.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of Advanced Photonix and would
like to learn more about the investigation being conducted by
Brower Piven, without cost or obligation to you, please visit our
website
at http://www.browerpiven.com/currentinvestigations.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at
(410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com