… And Brower Piven

The securities litigation law firm of Brower Piven, a professional corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of Brocade Communications Systems, Inc. relating to the proposed buyout of Brocade by Broadcom Ltd.

Under the terms of the agreement, Brocade shareholders are anticipated to receive $12.75 in cash for each share of Brocade common stock held.

The firm’s investigation seeks to determine, among other things, whether the company’s board of directors failed to satisfy their duties to shareholders, including whether the board obtained the best price possible for the company’s shares of common stock.