BALA CYNWYD, Pa., April 16, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Zalicus, Inc.
("Zalicus" or the "Company") (Nasdaq: ZLCS) relating to the
proposed merger with Epirus Biopharmaceuticals, Inc.
("Epirus").
Click here to learn more about the investigation
http://brodsky-smith.com/747-zlcs-zalicus-inc.html, or call
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, the percentage of the
combined company that Zalicus shareholders will own as of the
closing of the merger is subject to an adjustment at closing based
on the level of Zalicus net cash at closing. However, if the merger
were to close today, the stockholders of Zalicus would own only 14%
of the combined company.
The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Zalicus for not acting in the Company's shareholders' best
interests in connection with the sale process. The transaction may
undervalue Zalicus and may result in a substantial loss for many
long term holders of Zalicus stock. For example, Zalicus stock
traded at $7.08 per share as recently
as October 1, 2013 and traded at
$8.88 per share on August 31, 2012.
If you own shares of Zalicus common stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/747-zlcs-zalicus-inc.html, or calling toll
free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC