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Magma Design Automation, Inc. Investor Files Lawsuit To Stop Takeover

  • If you are a current investor in Magma Design Automation, Inc. (NASDAQ:LAVA) and purchased your NASDAQ:LAVA shares prior to the announcement, and/or those who have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

San Diego, Dec. 6, 2011 (Shareholders Foundation) -- An investor in NASDAQ:LAVA shares filed a lawsuit in effort to block the proposed takeover of Magma Design Automation by Synopsys, Inc for $7.35 per share. According to the complaint the plaintiff alleges that the defendants breached their fiduciary duties owed Magma Design Automation, Inc. (LAVA) investors arising out of the attem...

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