Contact Information: CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. Juan E. Monteverde, Esq. 30 Broad Street -15th Floor New York, NY 10004 Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com
Levi & Korsinsky, LLP Announces Class Action Lawsuit Against Data Domain, Inc. - DDUP
| Source: Levi & Korsinsky LLP
NEW YORK, NY--(Marketwire - June 17, 2009) - Levi & Korsinsky announces that a class action
lawsuit has been filed in the Court of the Chancery of the State of
Delaware challenging the proposed acquisition of Data Domain, Inc. (“Data
Domain” or the “Company”) (NASDAQ : DDUP ).
The Complaint arises out of the announcement by Data Domain stating that it
had entered into a definitive merger agreement with NetApp, Inc. Under the
terms of the proposal, Data Domain's shareholders would receive $30.00 to
be paid in a combination of cash and NetApp stock. In addition, NetApp
offered positions on its board to certain Data Domain officers and there
are rumors that the Data Domain CEO Slootman could be the next CEO of
NetApp. This raises questions as to whether the sales process conducted by
the Board was fair and open. If you own common stock in Data Domain and
wish to obtain additional information, please contact us at the number
listed below or visit www.zlk.com/ddup1.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.