NEW YORK, Dec. 23, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Scopus Video Networks Ltd. ("Scopus" or the "Company") (Nasdaq:SCOP) arising out of their attempt to sell the Company to Harmonic, Inc. ("Harmonic"). Under the terms of the agreement, shareholders of Scopus will receive $5.62 cash for each share of Scopus they own. The total transaction value is $51 million. The transaction is unfair, given that, among other things, on November 10, 2008 the Company announced record results for the third-quarter 2008 of $19.9 million -- a 31% increase from the $15.2 million reported in the third quarter of 2007 and because Harmonic has already received voting agreements in favor of the proposed transaction of approximately 50% of SCOP's outstanding shares thereby rendering the proposed transaction a fait accompli.
If you own common stock in Scopus and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/scop.html
L&K has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.