An investigation on behalf of investors, who purchased shares of in Entrust (NASDAQ:ENTU) prior to the announced proposed acquisition and continue to hold the shares, concerning potential breaches of fiduciary duty by the Entrust board of directors was announced.

According to the investigation by a law firm the investigation focuses on potential claims against the Board of Directors of Entrust Inc. relating to the proposed acquisition by HAC Holdings, Inc., an affiliate of Thomas Bravo, LLC. HAC Holdings, Inc. has agreed to acquire Entrust, Inc. in an all-cash deal valued at approximately $114 million. Under the proposed agreement, Entrust, Inc. shareholders will receive $1.85 for every share of Entrust common stock (NASDAQ: ENTU) they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Entrust board's approval of the proposed merger. According to the investigation the transaction appears to be unfair, in part, given that Entrust, Inc stock (NASDAQ: ENTU) was trading at over $2.30 a share as recently as September 2008 and the merger agreement would require Entrust, Inc to pay up to $4.58 million upon a termination of the merger agreement.

Entrust, Inc. is a global provider of products that secure digital identities and information for consumers, enterprises and governments in 2,000 organizations in 60 countries. Entrust software and associated services enable businesses and governments worldwide to conduct high-value, highly sensitive transactions, over wired and wireless networks, including the Internet, in compliance with regulatory guidelines. Entrust, Inc. is located in Dallas, Texas and had $99.67million in total revenue in 2007 and $99.66million in 2008. The shares of Entrust, Inc (NASDAQ: ENTU) closed on Monday at $1.87 per share, down from $3.37 per share in 2008, and $4.43 in 2007. Entrust, Inc shares traded as high as $110 per share in 2000.