Harwood Feffer LLP Announces Investigation of Transcept Pharmaceuticals, Inc.
NEW YORK, Sept. 20, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Transcept Pharmaceuticals, Inc. ("Transcept" or the "Company") (NASDAQ: TSPT) concerning the proposed acquisition of the Company by Retrophin, Inc. ("Retrophin").
Retrophin has offered to acquire Transcept for $4.00 per share. The Transcept board recently adoped a "tax benefit preservation plan" which may have been designed to stymie Retrophin's acquisition attempt.
Our investigation concerns whether the Transcept board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Transcept shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP