The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Herley Industries, Inc. in Connection with the Sale of the Company to Kratos Defense & Security Solutions, Inc. – HRLY

NEW YORK--()--The Law Offices of Vincent Wong are investigating the Board of Directors of Herley Industries, Inc. (Nasdaq: HRLY) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS). Under the terms of the proposed transaction, Herley shareholders will receive $19.00 in cash per share for a total transaction value of approximately $270 million.

The investigation concerns whether the Herley Board of Directors breached their fiduciary duties to Herley stockholders by failing to adequately shop the Company before entering into this transaction and whether Kratos is underpaying for Herley shares. The transaction price offers only a nominal premium over the $18.38 stock price that Herley shares traded at as recently December 29, 2010.

If you own common stock in Herley and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/herleyindustries.html.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

The Law Offices of Vincent Wong
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.584.2740
Fax. 866.367.6510
E-Mail:vw@wongesq.com

Release Summary

The Law Offices of Vincent Wong are investigating the Board of Directors of Herley Industries, Inc. (Nasdaq: HRLY) for possible breaches of fiduciary duty and other violations of state law

Contacts

The Law Offices of Vincent Wong
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.584.2740
Fax. 866.367.6510
E-Mail:vw@wongesq.com