updated 2/8/2011 1:45:18 PM ET 2011-02-08T18:45:18

NEW YORK, Feb. 8, 2011 (GLOBE NEWSWIRE) -- Harwood Feffer LLP ( www.hfesq.com ) is investigating potential claims against the board of directors of Herley Industries, Inc. ("Herley" or the "Company") (Nasdaq:HRLY) concerning possible breaches of fiduciary duty and other violations of law related to the proposed acquisition by Kratos Defense & Security Solutions, Inc. in a transaction valued at approximately $270 million.

Under the terms of the agreement, Herley shareholders will receive $19.00 in cash for each share they own of the Company's common stock. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the board of directors undertook a fair process to obtain fair consideration for all shareholders of Herley.

If you own shares of Herley and would like to learn more about these claims, or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Robert I. Harwood, Esq. at rharwood@hfesq.com or Daniella Quitt, Esq. at dquitt@hfesq.com. You may also call Mr. Harwood or Ms. Quitt at (877) 935-7400. For more information about class actions, please visit our website: www.hfesq.com.

Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

The Harwood Feffer LLP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=454

Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ( www.hfesq.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT: Harwood Feffer LLP
         Robert I. Harwood, Esq.
         Daniella Quitt, Esq.
         (877) 935-7400

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com