Ademi LLP is investigating EMCORE (Nasdaq: EMKR) for possible breaches of fiduciary duty and other violations of law in its transaction with Velocity One.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, stockholders of EMCORE will receive only $3.10 per share in cash. The transaction agreement unreasonably limits competing transactions for EMCORE by imposing a significant penalty if EMCORE accepts a competing bid. EMCORE insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of EMCORE’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241108089420/en/