The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Motorola Mobility Holdings, Inc.

DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the acquisition of Motorola Mobility Holdings, Inc. (“Motorola” or “MMI”) (NYSE: MMI) on behalf of shareholders. Motorola recently entered into an acquisition agreement with Google Inc. in which Motorola will be bought out by Google, and Motorola shareholders will receive $40.00 in cash for each share of Motorola/MMI owned.

If you are an affected shareholder, and you want to learn more about the investigation or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The definitive acquisition agreement involves an all cash transaction valued at approximately $12.5 billion. The transaction is expected to be completed by the end of 2011 or in early 2012.

“We are investigating the fairness of the proposed transaction to Motorola shareholders, whether the shareholders are being underpaid for their stock, and whether Motorola’s Board of Directors acted in the shareholders’ best interests,” said shareholder rights attorney Willie Briscoe. In particular, although Motorola reported that the acquisition price represents a premium over MMI’s closing price the day prior to the announcement, at least on analyst has set a target price of $42.00 per share for Motorola/MMI stock. “Based on these and other factors, we are additionally investigating whether the transaction undervalues the stock, and our anticipated lawsuit will seek to obtain the highest share price for all shareholders,” said Willie Briscoe.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

CONTACT:

Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 877-397-5991
WBriscoe@TheBriscoeLawFirm.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:   Technology  Telecommunications  Mobile/Wireless  Professional Services  Legal

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