Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of Phoenix Technologies Ltd. ("Phoenix" or the "Company") (NASDAQ: PTEC) in connection with their efforts to sell Phoenix to affiliates of Marlin Equity Partners ("Marlin"). If the transaction is completed, Phoenix shareholders will receive $3.85 in cash for each share of Phoenix stock they hold.

Robbins Umeda LLP's investigation concerns whether the Board of Directors of Phoenix undertook a fair process to obtain fair consideration for all shareholders of Phoenix. Specifically, our investigation concerns whether the Company's Board of Directors breached their fiduciary duties to Phoenix shareholders by failing to adequately shop the Company before entering into the transaction with Marlin. Notably, as recently as September 2009, Phoenix stock has traded at over $4.00 per share. Additionally, at least one analyst has set a price target for Phoenix of $4.00 per share and believes that the Company is well positioned for profitable growth in the coming years.

If you are a shareholder of Phoenix, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

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Robbins Umeda LLP
Gregory E. Del Gaizo, 800-350-6003
info@robbinsumeda.com