BALA CYNWYD, Pa., May 23, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of XenoPort, Inc.
("XenoPort" or "the Company") (Nasdaq- XNPT-News) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Arbor Pharmaceuticals,
LLC. ("Arbor").
Click here to learn more about the investigation
http://brodsky-smith.com/1077-xnpt-xenoport-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, XenoPort shareholders will
receive only $7.03 in cash for each
share of XenoPort stock they own. The investigation concerns
whether the Board of XenoPort breached their fiduciary duties
to shareholders and whether Arbor is underpaying for the Company.
The transaction may undervalue the Company and would result in a
loss for many XenoPort shareholders. For example, XenoPort stock
traded at $9.31 per share on
January 14, 2015 and an analyst has
set a price target for XenoPort stock at $10.00 per share.
If you own shares of XenoPort 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 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1077-xnpt-xenoport-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 class 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 have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC