NEW YORK, June 1, 2015 /PRNewswire/ — The fairness to shareholders of Meru Networks, Inc.’s (“MERU” or the “Company”) sale to Fortinet Inc. (“FTNT”) is being investigated by WeissLaw LLP. The investigation focuses on possible breaches of fiduciary duty and other violations of law by the Board of Directors of MERU. On May 27, 2015, FTNT agreed to acquire MERU for $44 million. Under the agreement, MERU shareholders will receive $1.63 in cash for each MERU share they own.

WeissLaw is investigating the MERU’s Board’s failure to maximize shareholder value. Notably, at least one analyst set a price target of $4.00 per share, or $2.37 above the offer price. Additionally, the offer price represents a premium of less than 10% over the Company May 19, 2015 trading price of $1.51. Moreover, MERU shares traded for as high as $2.75 as recently as February 26, 2015, or approximately $1.25 above the FTNT offer price.

Given these facts, WeissLaw is investigating whether MERU’s Board acted in the best interests of MERU’s public shareholders by actively shopping the Company to maximize shareholder value prior to entering into the agreement with the FTNT. If you own MERU shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin or Kelly Keenan by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

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SOURCE WeissLaw LLP