An investigation on behalf of current investors in Nashua Corporation (NASDAQ: NSHA), who purchased the NSHA shares before May 07, 2009, over possible breaches of breaches of fiduciary duty and other violations of state law by the Board of Directors of Nashua Corp.

According to the investigation by a law firm the investigation focuses on potential shareholder claims against the Nashua board of directors arising out of their agreement to sell Nashua Corp to Cenveo for combination of cash and stock valued, as of May 6, 2009, at approximately $6.88 per Nahsua share (NASDAQ: NSHA). The transaction, so the investigation, appears to be unfair given that, among other things, the Nahsuas shares (NASDAQ: NSHA) traded as high as $9.84 per share as recently as September 2008 and thus, the price agreed to by Board appears to offer little premium to shareholders. Also, Cenveo has entered into a voting agreement with certain members of Nashuas directors and executive officers, including Nashuas CEO and President, and other entities, who collectively own approximately 23% of Nashuas common stock, to vote in favor of the proposed transaction with Cenveo, so the investigation.

Nashua Corporation is a manufacturer, converter and marketer of labels and specialty papers. Its primary products include thermal and other coated papers, wide-format papers, pressure-sensitive labels, tags, and transaction and financial receipts. Nashua Corporation is located in Nashua, NH and had $272.80million in total revenue in 2007 and $264.9million in total revenue in 2008. Shares of Nashua Corp. traded at $6.27 per share, down from $12.53 per share in 2008.