SHAREHOLDER ALERT: WeissLaw LLP Reminds LM, IOTS, ETFC, and QUMU Shareholders About Its Ongoing Investigations

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Legg Mason, Inc. (NYSE: LM) in connection with the proposed acquisition of the company by Franklin Resources, Inc.

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GlobeNewswire, Inc.

Retrieved on:

Tuesday, March 24, 2020

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Legal entities, Common law, Equity, Fiduciary, New York Stock Exchange, LM, Limited liability partnership, Companies, Law, Organizations

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NEW YORK, Us

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WEISSLAW LLP

Summary

Key Points:

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Legg Mason, Inc. (NYSE: LM) in connection with the proposed acquisition of the company by Franklin Resources, Inc.
Under the terms of the acquisition agreement, LM shareholders will receive $50.00 per share in cash for each LM share that they own.
Under the terms of the acquisition agreement, IOTS shareholders will receive $12.55 per share in cash for each IOTS share that they own.
If you own QUMU shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/qumu-corporation/

NEW YORK, March 24, 2020 (GLOBE NEWSWIRE) --

If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:

Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]

Legg Mason, Inc. (NYSE: LM)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Legg Mason, Inc. (NYSE: LM) in connection with the proposed acquisition of the company by Franklin Resources, Inc. Under the terms of the acquisition agreement, LM shareholders will receive $50.00 per share in cash for each LM share that they own. If you own LM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: http://www.weisslawllp.com/legg-mason-inc/

Adesto Technologies Corporation (NASDAQ: IOTS)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Adesto Technologies Corporation (NASDAQ: IOTS) in connection with the proposed acquisition of the company by Dialog Semiconductor plc. Under the terms of the acquisition agreement, IOTS shareholders will receive $12.55 per share in cash for each IOTS share that they own. If you own IOTS shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: http://www.weisslawllp.com/adesto-technologies-corporation/

E*TRADE Financial Corporation (NASDAQ: ETFC)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of E*TRADE Financial Corporation (NASDAQ: ETFC) in connection with the proposed acquisition of the company by Morgan Stanley (“MS”). Under the terms of the acquisition agreement, ETFC shareholders will receive 1.0432 shares of MS for each ETFC share that they own, which represents implied per-share consideration of only $29.01 based upon MS’s March 23, 2020 closing price of $27.81. If you own ETFC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: http://www.weisslawllp.com/e-trade-financial-corporation/

Qumu Corporation (NASDAQ: QUMU)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Qumu Corporation (NASDAQ: QUMU) in connection with the proposed acquisition of the company by Synacor, Inc. (“SYNC”). Under the terms of the acquisition agreement, QUMU shareholders will receive 1.61 shares of SYNC common stock for each share of QUMU they own, which represents an implied per-share merger consideration of a mere $1.32 per share based upon SYNC’s March 23, 2020 closing price of $0.82. If you own QUMU shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/qumu-corporation/