Goldfarb Branham LLP is investigating whether certain officers and directors of Applied Signal Technology (NASDAQ: APSG) breached duties to shareholders by entering into a transaction to sell the company for $38.00 per share. Concerned stockholders are urged to contact securities lawyer Hamilton Lindley at 877-583-2855 or about their rights and remedies.

“The transaction is only an 8% premium to Applied Signal’s closing price on December 17, 2010,” said securities attorney Hamilton Lindley. “Our proposed class action lawsuit seeks to ensure that the shareholders properly shopped the company, maximized value to the shareholders and disclosed full and fair information about the transaction.”

Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. The firm may be retained without financial obligation or cost to its clients. Applied Signal Technology investors – or anyone with knowledge about this transaction – should contact lawyer Hamilton Lindley at or 877-583-2855 for more details.

Copyright Business Wire 2010