The Rosen Law Firm announces that it is investigating the Board of Directors of Advanced Photonix, Inc. (NYSE: API) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Advanced Photonix to maximize shareholder value before agreeing to be acquired by Luna Innovations Incorporated (NASDAQ: LUNA).
If you would like to join the action, go to http://rosenlegal.com/cases-493.html or contact Phillip Kim or Kevin Chan, toll-free at 866-767-3653, or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive 0.31782 shares of Luna common stock for each share of Advanced Photonix they own. The investigation relates to whether the proposal is fair to the public shareholders of Advanced Photonix and whether Advanced Photonix’s Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of Advanced Photonix and wish to obtain additional information, please visit the website at http://rosenlegal.com/cases-493.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact Information:
Phillip Kim, Esq.
Kevin Chan, Esq.
Laurence Rosen, Esq.
The
Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New
York, NY 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax:
(212) 202-3827
pkim@rosenlegal.com
kchan@rosenlegal.com
lrosen@rosenlegal.com
www.rosenlegal.com
Contacts:
866-767-3653
Phillip Kim, pkim@rosenlegal.com
Kevin
Chan, kchan@rosenlegal.com
