This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Levi & Korsinsky, LLP Investigates Possible Breach Of Fiduciary Duty By The Board Of White Electronic Designs Corp. - WEDC

Levi & Korsinsky is investigating the Board of Directors of White Electronics Designs Corp. (“WEDC” or the “Company”) (NasdaqGM: WEDC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Microsemi Corporation ("Microsemi") (NasdaqGS: MSCC). Under the terms of the transaction, WEDC shareholders will receive $7.00 in cash for each WEDC share of common stock they own for a total transaction value of approximately $163 million, or a net transaction value of approximately $100 million, net of WEDC's projected cash balance at closing.

The investigation concerns whether the WEDC Board of Directors breached their fiduciary duties to WEDC stockholders by failing to adequately shop the Company before entering into this transaction and whether Microsemi is underpaying for WEDC shares, thus unlawfully harming WEDC stockholders.

If you own common stock in WEDC and wish to obtain additional information, please contact us at the number listed below or visit

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.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $132.93 2.00%
FB $82.68 1.40%
GOOG $563.58 -0.26%
TSLA $229.11 4.90%
YHOO $44.89 0.83%


DOW 18,127.29 +47.15 0.26%
S&P 500 2,122.07 +4.38 0.21%
NASDAQ 5,103.7760 +11.6910 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs