Comverse Technology Inc. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & G...

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Comverse Technology Inc. (“Comverse” or the “Company”) (NASDAQ: CMVT) related to the proposed acquisition of the Company by Verint Systems Inc. The all-stock transaction is valued at approximately $800 million.

This investigation concerns whether the Board of Directors of Comverse breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. At least one analyst has set a target price for the Company’s stock at $10 per share.

If you are a shareholder of Comverse, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at [phone] or Toll Free at [phone] or by email to [e-mail].

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