WILMINGTON, Del., June 17, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of InSite Vision Incorporated (OTC QB:
INSV)?
- Did you purchase any of your shares prior to June 8, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of InSite
Vision Incorporation ("InSite" or the "Company") (OTC QB: INSV)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by QLT Inc. ("QLT") (NASDAQ GS: QLTI).
Click here to learn more:
http://rigrodskylong.com/investigations/insite-vision-incorporated-insv.
Under the terms of the agreement, shareholders of InSite will
receive 0.048 shares of QLT for each share of Insite they
own. Based on QLT's closing price on June 5, 2015, InSite shareholders would have
received compensation valued at approximately $0.18 per share.
The investigation concerns whether InSite's board of directors
failed to adequately shop the Company and obtain the best possible
value for InSite's shareholders before entering into an agreement
with QLT.
If you own the common stock of InSite and purchased your shares
before June 8, 2015, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Seth D.
Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/insite-vision-incorporated-insv.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serr
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/insite-vision-incorporated-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300100773.html
SOURCE Rigrodsky & Long, P.A.