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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of L-1 Identity Solutions, Inc.

^{Published on 2010-07-15 18:40:48 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of L-1 Identity Solutions, Inc. (aL-1 Identity Solutionsa or the aCompanya) (NYSE:ID) related to the proposed purchase of the Companya™s businesses that help customers track biometric data by Safran SA, a Paris-based defense electronics manufacturer.

On March 1, 2010, L-1 Identity Solutions issued a press release stating that the Company had retained financial advisors to aexplore strategic alternatives,a including a possible sale of the Company. On July 15, 2010, Bloomberg reported that Safran SA is aamong the bidders pursuing a deala to buy L-1 Identity Solutionsa™ biometric data-tracking unit, and quoted a Company spokesperson as stating amultiple companiesa are interested in purchasing all or part of the Company. The investigation concerns potential breaches of fiduciary duty and other violations of law related to consideration of the proposed sale by L-1 Identity Solutionsa™ board of directors.

If you own shares of L-1 Identity Solutions, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].