NEW YORK, Nov. 29, 2016 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of Macrocure Ltd. ("MACROCURE" or the "Company")(NASDAQ: MCUR) for potential breaches of fiduciary duties in connection the sale of the Company to Leap Therapeutics, Inc. Under the terms of the agreement, Macrocure shareholders will exchange their Macrocure shares for newly issued shares of Leap common stock.
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The investigation focuses on whether MACROCURE's Board of Directors breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair sales process 2) whether and by how much this proposed transaction undervalues the Company and 3) failing to disclose all material information in connection with the upcoming Dec. 19, 2016 shareholder meeting.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
If you own common stock in MACROCURE and wish to obtain additional information and protect your investments free of charge, please visit us at www.monteverdelaw.com/investigations or Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (212) 971-1341.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. 59th Floor
New York, NY 10118
United States of America
Tel: (212) 971-1341
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SOURCE Monteverde & Associates PC