The Law Firm of Weiss & Lurie Investigates the Acquisition of SMART Modular Technologies

Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of SMART Modular Technologies (NASDAQ:SMOD) arising from its proposed acquisition by private equity firms Silver Lake Partners and Silver Lake Sumeru for $9.25 per share in cash. The acquisition is expected to close in the third calendar quarter of 2011.

Weiss & Lurie is investigating whether SMART’s Board acted in the best interests of shareholders in approving the transaction and whether the Board properly sought to maximize shareholder value. Prior to the announcement, several analysts set the target price at or above $10, with a high target of $11. In fact, the share price of SMART stock climbed to a high of $8.88 on April 8, 2011 after a favorable patent ruling and improving business trends.

If you own SMART shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun either by email at info@weisslurie.com or by telephone at (888) 593-4771.

Weiss & Lurie 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 institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

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