SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Echelon Corporation to Adesto Technologies is Fair to Shareholders

SHAREHOLDER ALERT: Levi Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Echelon Corporation to Adesto Technologies is Fair to Shareholders

NEW YORK, June 29, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi Korsinsky, LLP:

To: All Persons or Entities who purchased Echelon Corporation (“Echelon” or the “Company”) (NASDAQ:ELON) stock prior to June 29, 2018.

You are hereby notified that Levi Korsinsky, LLP has commenced an investigation into the fairness of the sale of Echelon to Adesto Technologies (NASDAQ:IOTS) for $8.50 per share. To learn more about the action and your rights, go to:

http://www.zlk.com/mna/echelon-corporation

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The Echelon merger investigation concerns whether the Board of Echelon breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Adesto Technologies is underpaying for Echelon shares, thus unlawfully harming Echelon shareholders.

Levi Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

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