Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors (“Board”) of Compellent Technologies, Inc. (“Compellent” or the “Company”) (NYSE: CML) in connection with their efforts to sell Compellent to Dell, Inc. (“Dell”) (NASDAQ: DELL). If the transaction is completed, Compellent shareholders will receive $27.75 in cash for each share of Compellent common stock they hold. The transaction is expected to close in early 2011.
Robbins Umeda LLP’s investigation concerns whether Compellent’s Board undertook a fair process to obtain fair consideration for all shareholders of Compellent. Specifically, our investigation concerns whether members of the Company’s Board breached their fiduciary duties to Compellent shareholders by failing to adequately shop the Company before entering into the transaction with Dell.
If you are a shareholder of Compellent, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at email@example.com.