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Sonic Solutions Investor Files Lawsuit In Effort To Block Takeover By Rovi Corp.

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

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Lawsuit Overview

An investor in Sonic Solutions (NASDAQ:SNI) shares filed a lawsuit in State Court against members of the Sonic Solutions board for allegedly breaching their fiduciary duties arising out of their attempt to sell Sonic Solutions too cheaply via an unfair process to Rovi Corp. at a stock value of $14.17 per SNIC share. According to the complaint the plaintiff alleges on behalf of all sh...



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