Robbins Umeda LLP Announces an Investigation of NetLogic Microsystems, Inc.

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SAN DIEGO--(BUSINESS WIRE)-- Robbins Umeda LLP, a shareholder rights litigation firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of NetLogic Microsystems, Inc. (NASDAQ: NETL) in connection with their efforts to sell the company to Broadcom Corporation (NASDAQ: BRCM).

On September 12, 2011, NetLogic Microsystems announced that it had entered into a definitive merger agreement pursuant to which Broadcom will acquire all outstanding shares of the company in an all cash transaction. According to the terms of the deal, shareholders will receive $50.00 for each share of NetLogic Microsystems they own. The transaction is expected to close as soon as the first half of 2012.

Robbins Umeda LLP's investigation focuses on whether the board of NetLogic Microsystems is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company's recent positive financial results. On July 28, 2011, NetLogic Microsystems announced second quarter 2011 financial results that beat analyst estimates. The company reported non-GAAP net income of $0.45 per diluted share, over 18% higher than the $0.38 earnings per share reported for second quarter 2010, and above the $0.37 expected by analysts.

Furthermore, Robbins Umeda is investigating whether self-dealing and other employment guarantees played a part in the decision by the board to enter into the merger agreement with Broadcom. Upon closure, Ronald Jankov, NetLogic Microsystems' President and Chief Executive Officer, will continue to lead his team and will report to Rajiv Ramaswami, the head of Broadcom's infrastructure and networking group.

If you own stock in NetLogic Microsystems and would like more information about your shareholder rights, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on the firm's website.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/netlogic-microsystems-inc/

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