AuthenTec's board under investigation after Apple buy
The board of AuthenTec is under investigation by New York-based law firm Levi & Korsinsky following its pending acquisition by Apple.
In a note to AuthenTec investors this morning, the firm said it is looking into whether the company broke any laws, and "adequately" shopped itself around to potential buyers before selling to Apple.
"The claims concern whether the AuthenTec board of directors breached their fiduciary duties to AuthenTec stockholders by failing to adequately shop the company before entering into this transaction and whether Apple is underpaying for AuthenTec shares, thus unlawfully harming AuthenTec stockholders," the … Read more