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Share Name | Share Symbol | Market | Type |
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NASDAQ:CSCD | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 21.86 | 18.00 | 27.50 | 0 | 01:00:00 |
BALA CYNWYD, Pa., Feb. 5, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cascade Microtech Inc ("Cascade" or "the Company") (Nasdaq- CSCD-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to FormFactor Inc. ("FormFactor").
Click here to learn more about the investigation http://brodsky-smith.com/1036-cscd-cascade-microtech-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Cascade shareholders will receive only $16.00 in cash and 0.6534 of a share of FormFactor stock for each share of Cascade stock they own. The investigation concerns whether the Board of Cascade breached their fiduciary duties to shareholders and whether FormFactor is underpaying for the Company. The transaction may undervalue Cascade based upon the Company's strong financial results. For example, for the fourth quarter of 2015, when compared to the same period last year, total revenue increased by 10.4% and income from operations increased by 58%. Further, Cascade has indicated that the Company expected to financially outperform their 2015 results and grow faster than the markets they serve in 2016.
If you own shares of Cascade and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1036-cscd-cascade-microtech-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert--brodsky---smith-llc-announces--investigation--of-the-board-of-directors-of-cascade-microtech-inc--cscd-300216174.html
SOURCE Brodsky & Smith, LLC
Copyright 2016 PR Newswire
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