Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Herley Industries, Inc.

BOCA RATON, Fla.--(BUSINESS WIRE)--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Herley Industries, Inc. ("Herley" or the "Company") (Nasdaq: HRLY) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS). Under the terms of the proposed transaction, Herley shareholders are to receive $19.00 in cash for each share of Herley common stock, for a total value of approximately $270 million.