Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Intellon Corporation
October 13 2009 - 6:14PM
Business Wire
Attorney Advertising. Notice is hereby given that Stull, Stull
& Brody has commenced an investigation on behalf of
shareholders of Intellon Corporation (“Intellon” or the “Company”)
(Nasdaq: ITLN) for possible breaches of fiduciary duty and other
violations of state law in connection with an agreement by the
Company’s Board of Directors to sell all of the Company’s
outstanding shares of common stock to Atheros Corporation, at a
price of approximately $7.30 per share net in cash and stock.
If you own common stock of Intellon and wish to obtain
additional information about this matter, please contact Stull,
Stull & Brody at the toll-free number listed below. Stull,
Stull & Brody has litigated many class actions for violations
of securities laws and breaches of fiduciary duties on behalf of
defrauded investors over the past 40 years and has obtained court
approval of substantial settlements on numerous occasions.
The current investigation concerns the proposed price offered to
shareholders and the process by which Intellon’s Board of Directors
is addressing the proposed transaction. The focus of the
investigation is on whether the Intellon Board of Directors
breached their fiduciary duties to Intellon’s shareholders by
agreeing to sell the Company at an unfair price and by agreeing to
an $8.5 million termination fee provision.
If you wish to discuss this matter or have any questions
concerning this notice or your rights or interests with respect to
this matter, please contact Aaron Brody, Esq. at Stull, Stull &
Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to
ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East
45th Street, New York, NY 10017.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Intellon (MM) (NASDAQ:ITLN)
Historical Stock Chart
From Apr 2024 to May 2024
Intellon (MM) (NASDAQ:ITLN)
Historical Stock Chart
From May 2023 to May 2024