The Law Offices of Howard G. Smith is investigating whether the Board of Directors of Palm, Inc. (NASDAQ: PALM) breached its fiduciary duty to its shareholders in agreeing to sell the Company to Hewlett-Packard Co. in a cash deal whereby Palm shareholders will receive $5.70 for each share of Palm stock that they own.
The Law Offices of Howard G. Smith believes that the 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 $5.70 per share, because the share price was as high as $6.29 just this month prior to the announcement of the deal, because the share price has been as high as $13.58 just this year and also because it appears that the Company's Board of Directors failed to shop the Company to other potential buyers to assure that its shareholders would receive the best price possible for their shares.
If you own shares of Palm, Inc. (NASDAQ: PALM) 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.
2. I currently hold shares of the Company's stock. I
agree to hold some shares of the Company's stock throughout
the litigation.
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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.
