Ryan & Maniskas, LLP ( www.rmclasslaw.com/cases/lcry) is investigating potential claims against the board of directors of LeCroy Corp. (“LeCroy” or the “Company”) (NASDAQ: LCRY) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell LeCroy to Teledyne Technologies Incorporated in a transaction valued at approximately $291 million. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of LeCroy. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/lcry. Under the terms of the transaction, LeCroy shareholders will receive $14.30 for each share of LeCroy stock they own. If you own shares of LeCroy and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/lcry. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com. Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
Shares of LeCroy Corporation (Nasdaq:LCRY) have taken a tremendous swing upward. The stock is trading at $14.15 as of 9:30 a.m. ET, 54.8% above Friday's closing price of $9.14. Volume is at 4.3 million, 68.5 times the daily average of 63,100.
Shares of LeCroy Corporation (Nasdaq:LCRY) have taken a tremendous swing upward. The stock is trading at $10.57 as of 2:09 p.m. ET, 20.5% above Tuesday's closing price of $8.77. Volume is at 262,746, 2.5 times the daily average of 105,500.
LeCroy Corporation (Nasdaq:LCRY) hit a new 52-week high Monday as it changed hands at $15.64 compared with its previous 52-week high of $15.50. LeCroy is currently trading at $15.62 with 10,991 shares changing hands as of 9:30 a.m..