Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Silicon Storage Technology, Inc.

NEW YORK, Nov 13, 2009 (BUSINESS WIRE) -- Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of Silicon Storage Technology, Inc. ("Silicon Storage" or the "Company") (Nasdaq: SSTI) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by Silicon Storage's Board of Directors to sell all of the Company's outstanding shares of common stock, except for shares held by the Company's Chairman and Chief Executive Officer and its Chief Operating Officer, at a price of approximately $2.10 per share in cash and to certain members of Silicon Storage's management team together with Technology Resource Holdings, Inc. ("Technology Resource Holdings"), which is controlled by Prophet Equity LP ("Prophet Equity").

If you own the common stock of Silicon Storage and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

The investigation concerns the price to be paid to Silicon Storage shareholders and the process by which the Company's Board of Directors is addressing the transaction. The Company's Chairman and Chief Executive Officer, and its Chief Operating Officer have agreed to vote their shares in favor of the proposed merger and against any other acquisition proposals and, under the terms of the proposed transaction, would receive shares of the resulting privately-held company in exchange for their currently-held shares of Silicon Storage. Given that Silicon Storage's common stock was trading at $2.58 per share as recently as October 15, 2009, Stull, Stull & Brody is investigating whether the Company's Board of Directors has acted in the best interest of the Company's shareholders and whether the Board has breached its fiduciary duties owed to the Company's shareholders.

If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to [e-mail] or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.

Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Stull, Stull & Brody CONTACT: Stull, Stull & Brody Aaron Brody, Esq. 1-800-337-4983 or 212-687-7230 [e-mail] Copyright Business Wire 2009 -0- KEYWORD: United States

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