N@N

Robbins Umeda LLP Announces Class Certified in Action Brought on Behalf of Former Shareholders of Solectron Corp. (NYSE:SLR), A

^{Published on 2010-08-19 08:36:48 - Market Wire}
 

SAN DIEGO--([ BUSINESS WIRE ])--Robbins Umeda LLP announced today that a lawsuit on behalf of former public shareholders of Solectron Corp. (NYSE:SLR) has been certified to proceed as a class action. The class is represented by Robbins Umeda LLP, led by partner S. Benjamin Rozwood.

Class members include holders of approximately 900 million shares of Solectron common stock before it was acquired by Flextronics (NASDAQ:FLEX), one of Solectron's competitors in the electronic manufacturing services industry. The suit, Carrigan v. Solectron Corp., et al., Case No. 1:07-CV-087219, seeks a money judgment and related relief based on alleged breaches of fiduciary duty, including loyalty, due care, candor, and Revlon duties to obtain the best value for class members in Flextronics's acquisition of Solectron.

The class certification order, along with the operative complaint and other orders in the case, may be accessed at the following link: [ http://robbinsumeda.com/solectron.html ].

Institutional and individual shareholders may contact Mr. Rozwood of Robbins Umeda LLP for more information at 1-800-350-6003.

About Robbins Umeda LLP

Robbins Umeda LLP is a securities litigation firm with significant experience representing debt and equity investors in M&A-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit [ http://www.robbinsumeda.com ].