Friday, April 24, 2015

Faruqi & Faruqi Law Investigation: Procera Networks, Inc.

Faruqi & Faruqi, LLP Announces the Investigation of Procera Networks, Inc. Over the Proposed Sale of the Company to Francisco Partners Management L.P.

April 24, 2015 – Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Procera Networks, Inc. (“Procera” or the “Company”) (Nasdaq: PKT) for potential breaches of fiduciary duties in connection with the sale of the Company to Francisco Partners Management L.P. (“Francisco Partners”) for approximately $240 million in a cash transaction.  The Company’s stockholders will receive $11.50 for each share of Procera common stock they own.
The investigation focuses on whether Procera’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Procera’s shareholders.
If you own common stock in Procera and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Click here to be directed to the Faruqi & Faruqi Law Website.

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