Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of MIPS Technologies, Inc.’s (“MIPS”) (Nasdaq: MIPS) patent properties to Allied Security Test and the acquisition of the company by Imagination Technologies Group plc for shareholders. Under the terms of the proposed deal, MIPS shareholders will only receive approximately $7.31 in cash for each share of MIPS stock owned, well below the 52-week high of $7.65 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via email at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The MIPS sale investigation centers on whether MIPS’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues MIPS’s stock, and whether MIPS’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Patrick Powers, “due to MIPS’s recent performance, the size of the deal and other factors, we believe that this transaction may undervalue MIPS stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.