NEW YORK, April 10, 2017 /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 Tokai Pharmaceuticals, Inc. ("Tokai" or the "Company") (NasdaqGM: TKAI) and its Board of Directors for potential securities laws violations and/or breaches of fiduciary duties in connection with the share purchase agreement with Otic Pharma, Ltd. ("Otic")(the "Otic Transaction"). As a result of the Otic Transaction, Otic will become a wholly owned subsidiary of Tokai and the they will own approximately 60% of the Tokai common stock.
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The investigation focuses on whether Tokai and/or its Board of Directors violated federal securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to properly value the Otic Transaction and 2) failing to disclose all material information in connection with the Otic Transaction.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm that has recovered millions of dollars and is 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 Tokai and wish to obtain additional information and protect your investments free of charge, please visit us at www.monteverdelaw.com/investigations/m-a/ or contact 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. Suite 4405
New York, NY 10118
United States of America
Tel: (212) 971-1341
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SOURCE Monteverde & Associates PC