NEW YORK, Oct. 22, 2013 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Tellabs, Inc. ("Tellabs" or the "Company") (NASDAQ: TLAB) breached its fiduciary duty to its shareholders in agreeing to sell Tellabs to Marlin Equity Partners.
Under the terms of the agreement, Tellabs shareholders will receive $2.45 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Tellabs shareholders and the process by which the Tellabs Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Tellabs stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at:
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last eleven years.
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SOURCE Bernstein Liebhard LLP