Press release from Business Wire
Power-One Inc. Investor Alert by Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Power-One Inc. Following Announcement of Proposed Sale of Company to ABB Ltd.
Monday, April 22, 2013
Power-One Inc. Investor Alert by Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Power-One Inc. Following Announcement of Proposed Sale of Company to ABB Ltd.21:52 EDT Monday, April 22, 2013
NEW ORLEANS (Business Wire) -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) announce that KSF has commenced an investigation into the Board of Directors of Power-One Inc. (“Power-One” or the “Company) (NADAQ GS: PWER) in connection with their conduct related to the sale of the Company to ABB Ltd. (NYSE: ABB). Under the terms of the proposed transaction, shareholders of Power-One will receive $6.35 in cash for each share of Power-One common stock that they own.
KSF's investigation is focusing on whether Power-One and/or its officers and directors secured sufficient value for the shareholders of Power-One and/or violated state or federal securities laws.
If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (email@example.com) or attorney Michael Palestina (firstname.lastname@example.org) toll free at 855-768-1857 or via cell phone any time at 504-236-7315.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on transactional litigation, as well as securities class action and shareholder derivative litigation. With offices in New York and Louisiana, KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Michael Palestina, Esq., 855-768-1857
or after hours via cell phone 504-236-7315