Broadcom Corporation is an American designer and manufacturer of semiconductor and infrastructure software products.

According to the law firm press release, the Complaint arises out of a May 28, 2015, press release announcing that Broadcom had entered into a definitive merger agreement with Avago Technologies Limited ("Avago"), pursuant to which Broadcom shareholders will receive $54.50 in cash and 0.4378 of an Avago share (the "Proposed Transaction"). The Complaint seeks injunctive relief on behalf of the named Plaintiffs and all other similarly situated shareholders of Broadcom as of May 28, 2015 (the "Class").

The named Plaintiffs allege that certain of the Defendants breached their fiduciary duties of loyalty and due care owed to Broadcom shareholders; and in an attempt to secure shareholder approval of the Proposed Transaction, filed a materially false and misleading registration statement on Form S-4 with the U.S. Securities and Exchange Commission in violation of the Exchange Act and their fiduciary duties of candor and full disclosure. The omitted and/or misrepresented information is believed to be material to Broadcom shareholders' ability to make an informed decision whether to approve the Proposed Transaction.

On September 18, 2015, the Court consolidated this case into the lead case, No. 15-CV-00979.

On November 16, 2015, the Court appointed Lead Plaintiffs and approved Lead Counsel. Lead Plaintiffs filed a consolidated Complaint on January 15, 2016.

On September 23, 2016, the parties filed a Stipulation of Settlement. The Settlement was preliminarily approved on December 2. On February 27, 2017, the Court granted final approval of the Settlement and dismissed this case.