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NOVELL, INC.

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NOVELL : The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Novell, Inc. in Connection with the Sale of the Company to Attachmate Corporation ľ NOVL

11/29/2010 | 12:25pm EDT

The Law Office of Joseph Klein is investigating the Board of Directors of Novell, Inc. (NasdaqGS: NOVL) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Attachmate Corporation (?Attachmate?). Under the terms of the transaction, Novell shareholders will receive $6.10 in for each share they own for a total transaction value of approximately $2.2 billion. Attachmate is owned by an investment group led by Francisco Partners, Golden Gate Capital and Thoma Bravo. Elliott Associates LP, a hedge fund which failed to take Novell private in March of this year, would get seven-percent of the merged company for its seven-percent stake in the Company.

The investigation concerns whether the Novell Board of Directors breached their fiduciary duties to Novell stockholders by failing to adequately shop the Company before entering into this transaction and whether Attachmate is underpaying for Novell shares, thus unlawfully harming Novell stockholders. In particular, Novell stock has traded as high as $6.53 on September 22, 2010 and at least one analyst has set a price target for Novell stock at $7.50 per share.

If you own common stock in Novell and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/novellinc.html.

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation.

The Law Office of Joseph Klein
Joseph Klein, Esq.
1560 East 27th Street
Brooklyn, NY 11229
Telephone: 718-947-0005
Fax: 718-799-1443
Toll Free: (877) STOK-180 (877-786-5180)
E-Mail: jk@jkleinlawfirm.com
The Web: www.jkleinlawfirm.com


ę Business Wire 2010
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