Feeds

Dell, 3PAR and legal parasites

Hard to stomach lawyers

Internet Security Threat Report 2014

The simple clarity and straightforwardness of the 3PAR and Dell deal is being muddied by the activities of US law firms that are as beneficial in many people's eyes as an HIV infection.

We read that the Kendall Law Group, "a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating 3PAR, Inc. for shareholders in connection with the proposed acquisition by Dell Inc. ... The firm’s investigation seeks to determine whether 3PAR and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a 3PAR shareholder and would like additional information about your rights."

Into every life a little rain must fall but why must it be polluted by the kind of toxic legal dust this bunch of legal weevils undertakes? Unfortunately there is more than one weevil scenting a few scraps for their slavering jaws in the Dell 3PAR deal.

We read: "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 3PAR, Inc. ... related to the proposed acquisition of PAR by Dell, Inc. …. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of PAR for approving this transaction, whether the consideration to be received by PAR shareholders is fair, and whether PAR’s board of Directors acted in the shareholders’ best interests.

If you currently own shares ..." yadda yadda.

We read: "Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of 3Par, Inc. in connection with Dell Inc.'s ... intent to acquire all outstanding common shares of 3Par. … Robbins Umeda LLP's investigation concerns whether … the Company's Board of Directors breached their fiduciary duties to 3Par shareholders by failing to adequately shop the Company before entering into the transaction with Dell. "

Which is the lesser of these three legal weevils, or are they each as bad, as distasteful, as disgusting as each other? ®

Internet Security Threat Report 2014

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
IBM storage revenues sink: 'We are disappointed,' says CEO
Time to put the storage biz up for sale?
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.