INVESTOR ALERT: LEVI & KORSINSKY, LLP Announces Investigation of FOREST LABORATORIES, INC. & Its Board of Directors In Connec...
February 18 2014 - 12:08PM
Business Wire
Levi & Korsinsky commenced an investigation of the Board of
Directors of Forest Laboratories, Inc. (“Forest” or “the Company”)
(NYSE: FRX) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Actavis plc (NYSE: ACT).
Click here to learn more:
http://zlk.9nl.com/forest-laboratories-frx, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Forest shareholders will
receive $26.04 in cash and 0.3306 of an Actavis share for each
share of Forest stock they own, representing a value of
approximately $89.48 in cash. The investigation concerns whether
the Forest Board breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into this transaction, and whether Actavis is underpaying for
Forest shares.
If you own Forest common stock 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 visit
http://zlk.9nl.com/forest-laboratories-frx.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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