SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of RigNet, Inc. (Nasdaq – RNET)

BALA CYNWYD – December 21, 2020 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of RigNet, Inc. (“RigNet” or the “Company”) (Nasdaq – RNET) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Viasat Inc. (Nasdaq – VSAT). Under the terms of the agreement, RigNet stockholders will receive only 0.1845 shares of Viasat common stock for each share of RigNet common stock they own, implying a deal consideration of $5.79 based on the closing price of Viasat stock on December 18, 2020.

The investigation concerns whether the RigNet Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Viasat is paying too little for the Company. For example, the deal consideration is below the 52-week high of $6.91 for the Company’s shares.

If you own shares of RigNet stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.