NEW YORK, Aug. 9, 2006 (PRIMEZONE) -- The law firm of Stull, Stull & Brody announces that a shareholder derivative lawsuit has been commenced against certain members of the board of directors and certain executives of Analog Devices, Inc. (NYSE:ADI) ("ADI" or the "Company") alleging the improper back-dating of stock options to senior executives. Stull, Stull & Brody is also investigating whether fiduciaries of Analog Devices, Inc. The Investment Partnership Plan (ADI's 401(k) retirement plan) may have violated the Employee Retirement Income Security Act of 1974 by failing to disclose improper acts and practices relating to the Company's executive stock option grants and by offering ADI stock as an investment option under the Plan when it was not prudent to do so.
If you currently hold ADI common stock in an individual account under Analog Devices, Inc. The Investment Partnership Plan, you may, if you wish, consult with a representative of Stull, Stull & Brody at no cost or obligation. The contact information for Stull, Stull & Brody is as follows:
Email: ssbny@aol.com
Fax: (212) 490-2022
Toll Free Number: 1-800-337-4983
(Edwin J. Mills, Esq. or Tzivia Brody, Esq.)
Mail: Stull, Stull & Brody
6 East 45th Street
New York, NY 10017
You may also visit our website at www.ssbny.com.
Stull, Stull & Brody has extensive experience in protecting the rights of 401(k) plan participants and beneficiaries and shareholders of public companies. Stull, Stull & Brody is presently representing classes of 401(k) plan participants in many class action cases throughout the country. Stull, Stull & Brody maintains offices in New York and Los Angeles.