SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Cornerstone Therapeutics, Inc. In Connection With Sale Of Company to Chiesi Farmaceutici SpA
NEW YORK, Sept. 17, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Cornerstone Therapeutics, Inc. ("Cornerstone" or the "Company") (Nasdaq: CRTX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Chiesi Farmaceutici SpA ("Chiesi").
Click here to learn more about the investigation http://zlk.9nl.com/cornerstone-therapeutics/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Cornerstone shareholders will receive $9.50 for each share of Cornerstone stock they own. Chiesi currently owns 58% of Cornerstone's outstanding common shares. The investigation concerns, among other things, whether the consideration to be paid to Cornerstone shareholders is unfair, inadequate, and substantially below the fair or inherent value of Cornerstone stock. In particular, at least one analyst set a price target for Cornerstone stock at $14.00 per share.
If you own Cornerstone common stock 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/cornerstone-therapeutics/.
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. 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
SOURCE Levi & Korsinsky, LLP
More by this Source
URBAN OUTFITTERS, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against Urban Outfitters, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of December 10, 2013 -- URBN
Dec 05, 2013, 18:42 ET
Levi & Korsinsky, LLP Reminds Investors of Class Action Against General Cable Corporation and Its Board of Directors and Deadline of December 20, 2013 to Seek Lead Plaintiff Position
Dec 05, 2013, 18:27 ET
UPCOMING DEADLINE: Levi & Korsinsky, LLP Announces Class Action Against ARIAD Pharmaceuticals, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of December 9, 2013 -- ARIA
Dec 05, 2013, 18:11 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.