Broadcom Corporation Lawsuit Details – Avago Technologies Ltd. Merger
Gilman Law LLP announced that a complaint on was filed on June 18, 2015 on behalf of shareholders of Broadcom Corporation (NASDAQ: BRCM) for possible breaches of fiduciary duty in connection with its merger its rival Avago Technologies Ltd. The complaint claims the proposed merger and offer to acquire Broadcom for $37 billion is inadequate and will leave the common stockholders “shortchanged”. The complaint also alleges those in control of the company stand to benefit the most and the cash-and-stock deal only offers a 16% premium to Broadcom’s closing price.
We are encouraging shareholders who invested in Broadcom Corporation and currently hold any of those shares to contact our office for a free consultation by submitting our free consultation form online or calling our office toll free at (888)-252-0048.
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About the Shareholder Rights Law Firm of Gilman Law LLP
The attorneys at Gilman Law have over 35 years of experience in securities class action law suits and have been involved in all major aspects of securities litigation. Our experienced securities attorneys focus on cases involving stock manipulation, securities fraud, investment fraud, shareholder rights violations, and securities arbitration.