NEW YORK, March 5, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating Board of Directors of GigPeak, Inc. ("GigPeak" or the " Company") (NYSE MKT: GIG) and its Board of Directors for potential securities laws violations and/or breaches of fiduciary duties in connection with the sale of the Company to Integrated Device Technology, Inc. ("Integrated Device"). Under the terms of the agreement, GigPeak shareholders will be entitled to receive $3.08 for each share of GigPeak common stock they own.
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The investigation focuses on whether GigPeak and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair sales process and 2) whether and by how much this proposed transaction undervalues the Company by.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
If you own common stock in GigPeak and wish to obtain additional information and protect your investments free of charge, please visit us at http://monteverdelaw.com/investigations/m-a/ or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (212) 971-1341.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. 59th Floor
New York, NY 10118
United States of America
Tel: (212) 971-1341
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SOURCE Monteverde & Associates PC