Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Parametric Sound Corporation (PAMT) Over the

  Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation
  of Parametric Sound Corporation (PAMT) Over the Proposed Sale of the Company
  to Turtle Beach, Inc.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Parametric Sound
Corporation

Business Wire

NEW YORK -- August 19, 2013

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating the Board of
Directors of Parametric Sound Corporation (“Parametric Sound” or the
“Company”) (NASDAQ: PAMT) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to Turtle
Beach, Inc. (“Turtle Beach”). Under the terms of the proposed transaction,
Parametric Sound’s stockholders will receive approximately 20% of the combined
company’s outstanding shares, and Turtle Beach’s stockholders will receive
approximately 80% of the outstanding shares after the merger. Moreover, the
merger agreement requires Parametric Sound to raise at least $5 million in
additional debt or equity prior to the consummation of the merger.
Furthermore, $12 million of Turtle Beach’s non-convertible preferred stock
will remain outstanding, plus dividends accrued. Subsequent to the deal
announcement, Parametric Sound’s stock decreased nearly 21%, or $3.69 per
share, to close at $14.00 per share.

Request more information now by clicking here: www.faruqilaw.com/PAMT. There
is no cost or obligation to you.

The investigation focuses on whether Parametric Sound’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to this proposed
transaction, whether and by how much this proposed transaction undervalues the
Company to the detriment of Parametric Sound’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients.

If you own common stock in Parametric Sound and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/PAMT or contact Juan E. Monteverde, Esq. either via e-mail
at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212)
983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible
for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior
results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
 
Press spacebar to pause and continue. Press esc to stop.