Levi & Korsinsky LLP Investigates Possible Breach of Fiduciary Duty by Board of 3Com Corporation - COMS

November 11, 2009 7:01 PM EST

NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky ("L&K") is investigating the Board of Directors of 3Com Corporation ("3Com" or the "Company") (NasdaqGS: COMS) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Hewlett-Packard Company ("HP") (NYSE: HPQ). Under the terms of the transaction, 3Com shareholders will receive $7.90 per share for each 3Com share they own for a total transaction value of approximately $2.7 billion.

The investigation concerns whether the 3Com Board of Directors have breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether HP is underpaying for 3Com shares, thus unlawfully harming 3Com stockholders.

If you own common stock in 3Com and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/coms1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

    Source: Levi & Korsinsky

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