Six Class Action Law Firms 'Investigating' DTS-Tessera Deal

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Six class action shareholder suit firms are "investigating" the sale of HD RADIO parent DTS INC. to TESSERA TECHNOLOGIES for $42.50 per share.

The notices, typical for large corporate sales, were issued by law firms FARUQI & FARUQI, BRODSKY & SMITH, BROWER PIVEN, LEVI & KORSINSKY, RYAN & MANISKAS, and KAHN SWICK & FOTI, all asking for shareholders to contact them if interested in potential lawsuits over alleged breaches of fiduciary duty and other law violations.

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