DALLAS, Aug. 9, 2012 /PRNewswire/ -- Securities lawyers at Goldfarb LLP are investigating alleged violations of shareholder protection laws by officers and directors of AuthenTec, Inc. (Nasdaq: AUTH) in connection with a buyout for $8.00 per share to Apple. Concerned AUTH investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or [email protected] about their rights and remedies.
"The merger was unanimously approved by AuthenTec's board of directors, and is subject to "no-shop" restrictions, limiting its ability to solicit alternative acquisition proposals and to provide information to potential third parties regarding alternative acquisition proposals," Hamilton Lindley said. "Shareholders are owed the highest price reasonably available in a corporate buyout. Our potential shareholder claim seeks to ensure those fiduciary duties are enforced at the highest levels of the company."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. AUTH stockholders – or anyone with knowledge about this acquisition – should contact lawyer Hamilton Lindley at [email protected] or 877-583-2855 with questions or concerns.
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SOURCE Goldfarb LLP