NEW YORK, Nov. 21, 2011 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Pharmasset,
Inc. ("Pharmasset" or the "Company") (NASDAQ: VRUS) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Gilead Sciences, Inc.
(NASDAQ: GILD). Under the terms of the transaction,
Pharmasset shareholders will receive $137 for each share of Pharmasset stock they
own. The transaction has a total approximate value of
$11 billion.
Click here to learn how to join the action:
http://www.zlk.com/pharmasset-vrus, or call: 877-363-5972.
The investigation concerns whether the Pharmasset Board of
Directors breached their fiduciary duties to Pharmasset
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Gilead Sciences, Inc. is
underpaying for Pharmasset shares, thus unlawfully harming
Pharmasset stockholders.
If you own common stock in Pharmasset and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in
New York, California and Washington D.C. The firm
has extensive expertise in prosecuting investor securities
litigation involving financial fraud and represents investors
throughout the nation, concentrating its practice in securities and
shareholder litigation. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major
litigations involving mergers and acquisitions. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky