BALA CYNWYD, Pa., May 29, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of LeCroy Corporation ("LeCroy" or the "Company") (Nasdaq- LCRY) relating to the proposed acquisition by Teledyne Technologies, Inc. ("Teledyne").
Under the terms of the transaction, LeCroy shareholders would receive only $14.30 in cash for each share of LeCroy stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of LeCroy for not acting in the Company's shareholders' best interests in connection with the sale process Teledyne. LeCroy stock traded at $15.78 a share as recently as February 2, 2011 and an analyst has placed a price target for LeCroy stock at $16.00 per share.
If you own shares of LeCroy stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/431-lcry-lecroy-corporation.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC