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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation Into Possible Breaches of Fiduciary Duty by the Board of SMART Modular Technologies in Connection With the Sale of the Company to Silver Lake Partners

/ Source: GlobeNewswire

NEW YORK, April 29, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of SMART Modular Technologies (WWH), Inc. ("SMART" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Silver Lake Partners and Silver Lake Sumeru. Under the terms of the transaction, SMART shareholders will receive $9.25 in cash per share of SMART stock they own. The transaction has a total value of approximately $645 million.

Click here to learn how to join the action: , or call: 877-363-5972.

The investigation concerns whether the SMART Board of Directors breached their fiduciary duties to SMART stockholders by failing to adequately shop the Company before entering into this transaction and whether Silver Lake is underpaying for SMART shares, thus unlawfully harming SMART stockholders.  In particular, at least one analyst set a price target of $11.00 per share of SMART stock.

If you own common stock in SMART and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/smart-modular-technologies-smod.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com