The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Sourcefire, Inc. (“Sourcefire” or the “Company”) (NASDAQ: FIRE) and other violations of state law by the board of directors of Sourcefire relating to the proposed buyout of the Company by Cisco Systems, Inc. (“Cisco”). The firm’s investigation seeks to determine, among other things, whether the board of directors of Sourcefire breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed buyout, Cisco will pay $76 per share in cash in exchange for each share of Sourcefire and assume outstanding equity awards for an aggregate purchase price of approximately $2.7 billion, including retention-based incentives.
If you currently own common stock of Sourcefire and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at
, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Brower Piven is the only firm headquartered in Maryland with a practice dedicated primarily to shareholder class action litigation. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.