NEW YORK, July 6, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of MRV Communications,
Inc. ("MRVC" or the "Company") (NASDAQ: MRVC) in connection with
the proposed acquisition of the Company by ADVA Optical Networking.
Under the terms of the acquisition agreement, the Company's
shareholders will receive $10.00 for
each MRVC share they own.
WeissLaw is investigating whether MRVC's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $13.50, or $3.50
above the offer price. Additionally, the Company recently
announced positive financial results, reporting a second
consecutive quarter of double-digit year-over-year growth.
MRV announced a 12% increase in revenue, and a 17% increase in
packet and optical revenue in the first quarter of fiscal year
2017.
Given these facts, WeissLaw is investigating whether MRVC's
Board acted in the best interests of MRVC's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own MRVC shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Mark Smilow by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/mrv-communications-inc/
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SOURCE WeissLaw LLP