According to a press release there is an investigation on behalf of Scopus Video Networks Ltd. (NASDAQ: SCOP) investors over potential breaches of fiduciary duty and other violations of state law by the board of directors of Scopus Video Networks Ltd. arising out of their attempt to sell Scopus Video Networks to Harmonic, Inc. announced.

According to the press release by the law firm the investigation focuses on potential breaches of fiduciary duty by the board arising out of their attempt to sell Scopus Video Networks Ltd. to Harmonic, Inc. Under the terms of the agreement, shareholders of Scopus Video Networks Ltd. will receive $5.62 cash for each share of Scopus Video Networks Ltd. they own. The total transaction value is $51 million. According to the investigation, the transaction is unfair, given that, among other things, on November 10, 2008 Scopus Video Networks Ltd. announced record results for the third-quarter 2008 of $19.9 million a 31% increase from the $15.2 million reported in the third quarter of 2007 and because Harmonic has already received voting agreements in favor of the proposed transaction of approximately 50% of SCOPs outstanding shares thereby rendering the proposed transaction a fait accompli.