NEW YORK, April 14, 2014 /PRNewswire/ -- 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 Questcor Pharmaceuticals Inc. ("Questcor" or the "Company") (Nasdaq: QCOR) for potential breaches of fiduciary duties in connection with the sale of the Company to Mallinckrodt plc for approximately $5.2 billion. The Company's stockholders will receive $30.00 cash and 0.897 Mallinckrodt shares for each share of Questcor common stock they own.
The investigation focuses on whether Questcor's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Questcor's shareholders.
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If you own common stock in Questcor and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/QCOR or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. [email protected] Toll Free: (877) 247-4292 Phone: (212) 983-9330
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