STEC Alert: Briscoe Law Firm And Powers Taylor, LLP Investigate Sale To Western Digital Corp.

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of STEC, Inc. (“STEC”) (NasdaqGS: STEC) to Western Digital Corp., for shareholders. Under the terms of the proposed sale, valued at approximately $340 million, STEC shareholders will receive only $6.85 for each share of STEC stock owned, well below the 52-week high of $8.39.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com. There is no cost or fee to you.

The STEC sale investigation centers on whether STEC’s shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues STEC’s stock, and whether STEC’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights 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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