Levi & Korsinsky Investigates LaserCard Acquisition

Levi & Korsinsky, LLP is investigating the Board of Directors of LaserCard Corporation for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to ASSA ABLOY AB.

Under the terms of the proposed transaction, LaserCard shareholders will receive $6.25 in cash for each share of LaserCard common stock they own for a total transaction value of approximately $80 million.

The investigation concerns whether the LaserCard Board of Directors breached their fiduciary duties to LaserCard stockholders by failing to adequately shop the Company before entering into this transaction and whether ASSA ABLOY is underpaying for LaserCard shares, thus unlawfully harming LaserCard stockholders. In particular, LaserCard stock has traded as high as $6.77 per share as recently as April 27, 2010.