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Conexant Systems, Inc. Investor Files Lawsuit In Effort To Block Buyout

  • If you purchased shares of Conexant Systems, Inc. (NASDAQ:CNXT) prior to the announcement and currently hold those CNXT shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

An investor in Conexant Systems shares filed a lawsuit in State Court against directors of Conexant Systems over alleged breaches of fiduciary duties arising out of their attempt to sell Conexant Systems too cheaply via an unfair process to Standard Microsystems Corporation (SMSC). On Monday, Jan. 10, 2011, Conexant Systems, Inc. (NASDAQ: CNXT) and SMSC (NASDAQ: SMSC) had announced t...



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