Levi & Korsinsky is commencing an investigation into the Board of Directors of Advanced Photonix, Inc. ("Advanced Photonix" or "the Company") (NYSE MKT:API) in connection with possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Luna Innovations Incorporated ("Luna") (NASDAQ:LUNA). Click here to learn more about the investigation: http://zlk.9nl.com/advanced-photonix-api. Under the terms of the transaction, Advanced Photonix shareholders will receive 0.31782 shares of Luna common stock for each share of Advanced Photonix stock they own. The investigation concerns whether the Board of Advanced Photonix breaches their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Luna is underpaying or Advanced Photonix shares. If you own Advanced Photonix common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/advanced-photonix-api. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.