Kendall Law Group Announces Lawsuit on Behalf of Microtune Inc. Shareholders

Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, announces a lawsuit filed on behalf of Microtune Inc. (NASDAQ: TUNE) shareholders in connection to the proposed acquisition of the company by the Zoran Corporation. The purpose of the lawsuit is to determine whether Microtune and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. Microtune shareholders are urged to contact the Kendall Law Group for more information at 877-744-3728 or by email at [e-mail].

On September 9, 2010, the Kendall Law Group filed a class action suit on behalf of Microtune shareholders in Collin County District Court. The petition filed alleges that Microtune and certain of its officers and directors engaged in self-dealing and breached their fiduciary duties in connection to the merger agreement announced on September 8, 2010. Microtune announced a definitive agreement to be acquired by Zoran in a transaction valued at approximately $84 million net of cash under which Microtune shareholders will receive $2.92 in cash for each share held. The charges made in the petition include: 1) that the acquisition price is inadequate, 2) that contractual protection devices were used to deter competing offers, and 3) that the proposed acquisition secures personal financial benefits for certain insiders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.