Jun 11, 2015, 11:00 ET
WAYNE, Pa., June 11, 2015 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of DARA BioSciences, Inc. ("DARA" or the "Company") (NASDAQ: DARA) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Midatech Pharma PLC ("Midatech").
If you own shares of DARA and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/dara. You may also email Mr. Maniskas at [email protected].
Under the terms of the agreement, shareholders of DARA will receive (i) 0.272 Ordinary Shares of Midatech, subject to certain adjustments described in more detail below, and (ii) one Contingent Value Right ("CVR"). All Midatech Ordinary Shares will be delivered to the holders of DARA Common Stock in the form of American Depositary Receipts ("ADRs").
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of DARA for not acting in the Company's shareholders' best interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
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SOURCE Ryan & Maniskas, LLP
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