Robbins
Umeda LLP has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by members of the Board
of Directors of Palm, Inc. ("Palm") ( PALM) in connection with
their actions in causing Palm to enter into a definitive agreement with
Hewlett-Packard Company ("HP") ( HPQ). If the transaction is
completed, Palm shareholders will receive $5.70 in cash for each share
of Palm they own. The companies expect the merger to close in HP's third
fiscal quarter ending July 31, 2010.
Robbins Umeda LLP's investigation concerns whether Palm's Board of
Directors undertook a fair process to obtain fair consideration for all
shareholders of Palm.
If you are a shareholder of Palm and would like more information about
your rights as a shareholder, please contact attorney Lauren Levi at
800-350-6003 or by e-mail at llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with significant
experience representing investors in merger-related shareholder class
actions, shareholder derivative actions, and securities fraud class
actions. For more information about the firm, please go to http://www.robbinsumeda.com.
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