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The Briscoe Law Firm, PLLC and Powers Taylor, LLP Investigate Possible Breaches of Fiduciary Duties Concerning the Merger and A

^{Published on 2010-08-19 11:40:44 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of McAfee, Inc. (aMFEa or aCompanya) (NYSE: MFE) related to the proposed acquisition of McAfee by Intel Corporation (NASDAQ: INTC).

The agreement involves a cash transaction valued at approximately $7.68 billion, under which MFE shareholders will receive $48 in cash for each share ofMFE common stock they hold. As part of the acquisition, certain senior staff of MFE will remain with the Company. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of MFE for approving this transaction, whether the consideration to be received by MFE shareholders is fair, and whether MFEa™s board of Directors acted in the shareholdersa™ best interests.

If you currently own shares of McAfee, Inc. and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.