The Law Offices of Howard G. Smith is investigating whether the Board of Directors of Novell, Inc. (NASDAQ: NOVL) breached its fiduciary duty to its shareholders related to reports that the Board of Directors will agree to sell the Company to a major shareholder, Elliott Associates L.P., in a deal whereby all other shareholders will receive $5.75 for each share that they own.
The Law Offices of Howard G. Smith believes that the purported deal is suspicious because it appears from a review of the Company's financial statements that the inherent value of the Company's stock is greater than $5.75 per share, because it appears that the Board of Directors failed to shop the Company to other potential buyers to assure that the shareholders received a fair price, and also because the Company is being sold to a major shareholder so there is an issue as to whether the transaction is an arms-length deal.
If you own shares of Novell, Inc. (NASDAQ: NOVL) and wish to protect your investment you may join the lawsuit by submitting your information online or call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you.
Case Summary
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I, the Plaintiff, certify that:
1. I authorize my attorney to file a Complaint on my behalf based on
the information provided in the Case Summary. I verify that the
information contained in the Case Summary is true to the best of
my knowledge, information and belief.
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retain the Law Offices of Howard G. Smith in an action against the Company based on the Case Summary. I also acknowledge that I have read and agree to the Representation Agreement.
