Rigrodsky & Long, P.A. Investigates Buyout of Zoran Corporation - ZRAN

  • Do you own Zoran Corporation common stock?
  • Did you purchase your shares prior to February 21, 2011?
  • Do you feel the Company's sale to CSR PLC is unfair?
  • Do you want to discuss your rights?

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Zoran Corporation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by CSR PLC in a transaction with a  total value of approximately $679 million.

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Rigrodsky & Long, P.A. Investigates Buyout of Zoran Corporation - ZRAN

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Zoran Corporation (“Zoran” or the “Company”) (Nasdaq: ZRAN) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by CSR PLC (“CSR”) (LSE: CSR.L) in a transaction with a  total value of approximately $679 million.

Under the proposed agreement, Zoran shareholders will receive 1.85 ordinary shares of CSR in the form of American Depositary Shares (each an “ADS”), for each share of Zoran common stock they hold.  In addition, CSR announced that it intends to return up to $240 million to shareholders via an on-market share buyback program.

The investigation concerns whether Zoran’s board of directors failed to adequately shop the Company and obtain the best price possible for Zoran’s shareholders before entering into the agreement with CSR.

If you own the common stock of Zoran and purchased your shares before February 21, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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