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Tue, February 15, 2011
Mon, February 14, 2011
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of AML Co
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of AML Communications, Inc. (aAMLa or the aCompanya) (OTC: AMLJ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Anaren, Inc. (Nasdaq: ANEN). Under the terms of the transaction, Anaren will acquire all outstanding shares of AML common stock for $2.15 per share in cash for a total equity value of approximately $29.3 million.
Click here to learn how to join the action: [ http://www.zlk.com/aml-communications-amlj.html ], or call: 877-363-5972.
The investigation concerns whether the AML Board of Directors breached their fiduciary duties to AML stockholders by failing to adequately shop the Company before entering into this transaction and whether Anaren is underpaying for AML shares, thus unlawfully harming AML stockholders.
If you own common stock in AML and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/aml-communications-amlj.html ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.