NASDAQ GS
OVTI

OmniVision Technologies, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of OmniVision Technologies, Inc. (NASDAQ GS: OVTI) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of OmniVision Technologies, Inc. (“OmniVision” or the “Company”) (NASDAQ GS: OVTI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by a consortium composed of Hua Capital Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd. (collectively, the "Consortium"), in a transaction valued at approximately $1.9 billion.

Under the terms of the agreement, public shareholders of OmniVision would receive $29.75 in cash for each share of OmniVision they own.

The investigation concerns whether OmniVision’s board of directors failed to adequately shop the Company and obtain the best possible value for OmniVision’s shareholders before entering into an agreement with the Consortium.  According to Yahoo! Finance, at least one analyst has issued a price target for OmniVision stock at $35.00 per share.

If you own the common stock of OmniVision and purchased your shares before April 30, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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