The Briscoe Law Firm Investigates Sale Of Microtune Inc.
The Dallas-based law firm, The Briscoe Law Firm, PLLC, has launched an investigation into whether or not legal claims against Microtune Inc's Board of Directors are valid. The claims are in response to Microtune's potential acquisition of Microtune by Zoran Corporation.
The transaction between Zoran and Microtune is worth about $166 million. Under the agreement, shareholders of Microtune would receive $2.92 for every single share of Microtune common stock. Shareholders of Microtune are alleging that the price is less than what the stock is worth.
Briscoe will investigate potential breaches by Microtune's Board of Directors of fiduciary duty as well as other violations of state law.
The Briscoe Law Firm has over 20 years of experience in dealing with complex litigation and transactional matters.