Straight Path Communications Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Straight Path Communications Inc. (NYSE MKT: STRP) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Straight Path Communications Inc. (“Straight Path” or the “Company”) (NYSE MKT: STRP) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by AT&T Inc. (“AT&T”) (NYSE: T) in a transaction valued at approximately $1.6 billion.  Under the terms of the agreement, shareholders of Straight Path will receive $95.63 in AT&T stock for each share of Straight Path common stock.

If you own common stock of Straight Path and purchased any shares before April 10, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, 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 at info@rl-legal.com.

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

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