Roy Jacobs & Associates Files Action to Address Alleged Wrongdoing at Emulex Corp. ("ELX")

NEW YORK--(BUSINESS WIRE)--

Roy Jacobs & Associates a law firm representing investors nationwide, has filed an action in the United States District Court asserting claims on behalf of Emulex Corporation. (“Emulex” or the “Company”) ELX with respect to alleged breaches of fiduciary duty by the Emulex Board of Directors.

For further information, please contact Roy L. Jacobs, Esq. toll-free at 1-888-884-4490 or by e-mail at rjacobs@jacobsclasslaw.com.

Emulex Corporation provides network connectivity, monitoring, and management products for networks that support enterprise, cloud, government, and telecommunications worldwide. The action is focused on alleged breaches of fiduciary duty on the part of the Emulex Board of Directors involving a buy-back of Company shares and the issuance of convertible preferred debt, and the May 1, 2014, 29% drop in Emulex's share price upon reporting third quarter 2014 revenues and earnings which missed analysts' estimates. The revenue decline was quite pronounced in the Company's largest product line, its Network Connectivity Products.

If you purchased Emulex shares prior to November 1, 2013, and still hold them, and you are interested in discussing your rights or have information relating to this action, please contact Roy L. Jacobs. Mr. Jacobs will be glad to personally speak with you at no cost to you.