Rigrodsky & Long, P.A. announces a complaint alleging breaches of fiduciary duty and other violations of law has been filed in California Superior Court, Los Angeles County, against the board of directors of International Rectifier Corporation (“International Rectifier” or the “Company”) (NYSE: IRF) in connection with the Company’s entry into an agreement to be acquired by Infineon Technologies AG (“Infineon”) (OTC QX: IFNNY), in a transaction valued at approximately $3 billion. Click here to learn more: http://www.rigrodskylong.com/investigations/international-rectifier-corporation-irf. Under the terms of the agreement, public shareholders of International Rectifier would receive $40.00 in cash for each share of International Rectifier they own. The complaint alleges that International Rectifier’s board of directors failed to adequately shop the Company and obtain the best possible value for International Rectifier’s shareholders before entering into an agreement with Infineon. If you own the common stock of International Rectifier and purchased your shares before August 20, 2014, and would like to learn more about these allegations, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/international-rectifier-corporation-irf. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
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