NEW YORK, June 29, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Echelon Corporation (“Echelon” or the
“Company”) (NASDAQ:ELON) stock prior to June 29, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced
an investigation into the fairness of the sale of Echelon to
Adesto Technologies (NASDAQ:IOTS) for $8.50 per share. To learn more about the action and your rights, go
to:
http://www.zlk.com/mna/echelon-corporation
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There
is no cost or obligation to you.
The Echelon merger investigation concerns whether the Board of Echelon breached their fiduciary duties to
stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Adesto
Technologies is underpaying for Echelon shares, thus unlawfully harming Echelon shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, 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 lawsuits and have recovered hundreds of millions of dollars for aggrieved
shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
