Law Firm Brower Piven Announces That A Class Action Lawsuit Has Been Filed In Connection With The Mindspeed Technologies, Inc. Proposed Buyout Alleging That The Directors Of Mindspeed Technologies, Inc. Have Breached Their Fiduciary Duties

The securities litigation firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been filed in the California Superior Court for Orange County on behalf of all stockholders of Mindspeed Technologies, Inc. (“Mindspeed” or the “Company”) (NasdaqGS: MSPD) common stock.

According to the complaint, the proposed buyout provides for Mindspeed shareholders to receive $5.05 per share in cash for each share of Mindspeed common stock they own. The lawsuit alleges that the members of the Mindspeed Board of Directors have breached their fiduciary duties to shareholders by agreeing to the proposed buyout for inadequate consideration.

If you currently own common stock of Mindspeed and would like to learn more about the claims being asserted and your rights, 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 hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Copyright Business Wire 2010

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