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The Briscoe Law Firm, PLLC Investigates Cogent Inc.’s Board Concerning The Acquisition Of Cogent By 3M Co.

The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Cogent Inc. (“COGT” or “Company”) (NASDAQ: COGT) related to the proposed acquisition of the Company by 3M Co.

The agreement involves a transaction valued at approximately $943 million, under which the Company shareholders will receive $10.50 in cash for each share of COGT common stock they hold. However, many analysts have “buy” ratings for this stock and have set a target price as high as $14.00 per share. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of COGT for approving this transaction, whether the consideration to be received by COGT shareholders is fair, and whether COGT’s board of Directors acted in the shareholders’ best interests.

If you currently own shares of COGT and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Copyright Business Wire 2010

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