Rigrodsky & Long, P.A. Investigates SonicWALL, Inc. Buyout

							Rigrodsky & Long, P.A. Investigates SonicWALL,
Inc. Buyout
June 03, 2010 11:50 AM Eastern Daylight Time  

WILMINGTON, Del.--(EON: Enhanced Online News)--Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of SonicWALL, Inc. (“SonicWALL” or the “Company”)
(Nasdaq:SNWL) concerning possible breaches of fiduciary duty and other violations of law related to the
Company’s entry into an agreement to be acquired and taken private by Thoma Bravo, LLC (“Thoma Bravo”) and
the Ontario Teachers’ Pension Plan’s private investor department, Teachers’ Private Capital, in a transaction valued
at approximately $717 million. (http://www.rigrodskylong.com/news/SNWL).

Under the proposed agreement, SonicWALL shareholders will receive $11.50 in cash for each share of
SonicWALL common stock they hold. The investigation concerns whether SonicWALL’s board of directors failed
to adequately shop the Company and obtain the best price possible for SonicWALL’s shareholders before entering
into the agreement with Thoma Bravo and Teachers’ Private Capital.

As recent as April 23, 2010, the Company reported its first quarter 2010 financial results wherein SonicWALL
reported revenue of $55.3 million, representing 17% year-over-year growth. In fact, the SonicWALL’s CEO, Matt
Medeiros, commented on the Company’s growth: “SonicWALL had a strong start to 2010[.] We believe that our
technology leadership will enable us to continue to build momentum in the mid-enterprise and SMB markets
throughout the year.” Indeed, at least one analyst has set a price target of $13.00 per share.

If you own the common stock of SonicWALL and purchased your shares before June 3, 2010, if you have
information or would like to learn more about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth
D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N.
Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to
info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation,
including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and
federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Contacts
Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R. Wortman, Case Development Director
888-969-4242
302-295-5310
Fax: 302-654-9430
info@rigrodskylong.com
http://www.rigrodskylong.com

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