MEDTOX Scientific, Inc. Is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties by Its Board of Di...
June 05 2012 - 12:31PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of MEDTOX Scientific, Inc. (“MEDTOX” or the “Company”)
(NASDAQ: MTOX) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Laboratory Corporation of America® Holdings (NYSE: LH) in an
all-cash deal valued at about $241 million. Under the terms of the
proposed transaction, MEDTOX stockholders will receive $27.00 in
cash for each share of MEDTOX common stock they own.
Request more information now by clicking here:
www.faruqilaw.com/MTOX. There is no cost or obligation to you.
Whether the Board of Directors of MEDTOX breached their
fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues MEDTOX shares and by how much this proposed transaction
undervalues the Company to the detriment of MEDTOX shareholders are
the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in MEDTOX and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/MTOX or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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