Glancy Prongay & Murray LLP is Investigating Meru Networks, Inc. Board of Directors

LOS ANGELES--()--Glancy Prongay & Murray LLP is investigating potential claims against the Board of Directors of Meru Networks, Inc. (“Meru” or the “Company”) (NASDAQ:MERU) related to the proposed acquisition of the Company by Fortinet Inc. (NASDAQ:FTNT). The transaction is valued at approximately $44 million. The Company’s shareholders will receive $1.63 per share in cash for each share of Meru they own.

This investigation concerns whether the Board of Directors of Meru breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. Further, at least one analyst has set a price target of $4.00 for Meru shares.

If you are a shareholder of Meru, if you have information or would like to learn more about our investigation, or if you wish to discuss your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to shareholders@glancylaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP
Louis Boyarsky, Esquire
(310) 201-9150 or Toll Free at (888) 773-9224
shareholders@glancylaw.com.

Release Summary

Glancy Prongay & Murray LLP is investigating potential claims against the Board of Directors of Meru Networks, Inc. related to the proposed acquisition of the Company by Fortinet Inc.

Contacts

Glancy Prongay & Murray LLP
Louis Boyarsky, Esquire
(310) 201-9150 or Toll Free at (888) 773-9224
shareholders@glancylaw.com.