NASDAQ GS
QLGC

QLogic Corporation

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of QLogic Corporation (NASDAQ GS: QLGC) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of QLogic Corporation (“QLogic” or the “Company”) (NASDAQ GS: QLGC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Cavium, Inc. (“Cavium”) (NASDAQ GS: CAVM), in a transaction valued at approximately $1.36 billion.

Under the terms of the agreement, shareholders of QLogic will receive approximately $15.50 per share, comprised of $11.00 per share in cash and 0.098 of a share of Cavium common stock for each share of QLogic common stock (valued at approximately $4.50 based on the volume weighted average Cavium trading price for the three trading days beginning June 10, 2016).

The investigation concerns whether QLogic’s board of directors failed to adequately shop the Company and obtain the best possible value for QLogic shareholders before entering into an agreement with Cavium.

If you own the common stock of QLogic and purchased your shares before June 16, 2016, 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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