Glancy Prongay & Murray LLP is Investigating Planar Systems, Inc. Board of Directors

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP is investigating potential claims against the Board of Directors of Planar Systems, Inc. (“Planar” or the “Company”) (NASDAQ: PLNR) related to the proposed acquisition of the Company by Leyard Optoelectronic, Ltd. The transaction is valued at approximately $156.8 million. The Company’s shareholders will receive $6.58 for each share of Planar they own.

This investigation concerns whether the Board of Directors of Planar breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.

If you are a shareholder of Planar, if you have information or would like to learn more about our investigation, or if you wish to discuss your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to [email protected]. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150817006367/en/

Glancy Prongay & Murray LLP, Los Angeles
Louis Boyarsky, Esquire
310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray LLP

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