BALA CYNWYD, Pa., May 29, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of LeCroy
Corporation ("LeCroy" or the "Company") (Nasdaq- LCRY) relating to
the proposed acquisition by Teledyne Technologies, Inc.
("Teledyne").
Under the terms of the transaction, LeCroy shareholders would
receive only $14.30 in cash for each
share of LeCroy stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of LeCroy for not acting in the Company's
shareholders' best interests in connection with the sale process
Teledyne. LeCroy stock traded at $15.78 a share as recently as February 2, 2011 and an analyst has placed a
price target for LeCroy stock at $16.00 per share.
If you own shares of LeCroy stock and wish to discuss the legal
ramifications of the proposed transaction, 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
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/431-lcry-lecroy-corporation.html, or by
calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC