WILMINGTON, Del., June 17, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of InSite Vision Incorporated (OTC QB: INSV)?
- Did you purchase any of your shares prior to June 8, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of InSite Vision Incorporation ("InSite" or the "Company") (OTC QB: INSV) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by QLT Inc. ("QLT") (NASDAQ GS: QLTI).
Click here to learn more: http://rigrodskylong.com/investigations/insite-vision-incorporated-insv.
Under the terms of the agreement, shareholders of InSite will receive 0.048 shares of QLT for each share of Insite they own. Based on QLT's closing price on June 5, 2015, InSite shareholders would have received compensation valued at approximately $0.18 per share.
The investigation concerns whether InSite's board of directors failed to adequately shop the Company and obtain the best possible value for InSite's shareholders before entering into an agreement with QLT.
If you own the common stock of InSite and purchased your shares before June 8, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected], or at: http://rigrodskylong.com/investigations/insite-vision-incorporated-insv.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Rigrodsky & Long, P.A.