NEW YORK, Nov. 29, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating the Board of Directors of BroadSoft, Inc. ("BroadSoft" or the "Company") (NASDAQ: BSFT) for potential breaches of fiduciary duties in connection with the sale of the Company to Cisco Systems, Inc. for approximately $1.9 billion. The Company's shareholders will only receive $55.00 in cash for each share of BroadSoft common stock they own.
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The investigation focuses on whether BroadSoft's Board of Directors breached their fiduciary duties to the Company's shareholders by failing to conduct a fair sale process and whether and by how much this proposed transaction undervalues the Company to the detriment of BroadSoft's shareholders.
If you own common stock in BroadSoft and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/BSFT. You can also contact Nadeem Faruqi, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330 or James M. Wilson, Jr., Esq. at email@example.com.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
Nadeem Faruqi, Esq.
James M. Wilson, Jr., Esq.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Telephone: (877) 247-4292 or (212) 983-9330
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