SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
May 28th 2013 11:30AM
Updated May 28th 2013 11:32AM
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Omthera Pharmaceuticals, Inc. in Connection with the Sale of the Company to AstraZeneca Plc
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Omthera Pharmaceuticals, Inc. ("Omthera" or the "Company") (NasdaqGM: OMTH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to AstraZeneca Plc (NYS: AZN) .
Click here to learn more about the investigation http://zlk.9nl.com/omthera-pharamaceuticals-omth/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Omthera shareholders will receive $12.70 for each share of Omthera stock they own. In addition, Omthera shareholders will receive approximately $4.70 in contingent value rights if certain benchmarks are met. Including the contingent rights, the transaction has a total approximate value of $443 million. The investigation concerns whether the Omthera Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, whether AstraZeneca is underpaying for Omthera stock, thus unlawfully harming Omthera shareholders.
If you own common stock in Omthera and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/omthera-pharamaceuticals-omth/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph 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
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Omthera Pharmaceuticals, Inc. in Connection with the Sale of the Company to AstraZeneca Plc originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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