The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of drug...
March 24 2011 - 2:56PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
drugstore.com, inc. (“drugstore.com” or the “Company”) (Nasdaq:
DSCM) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Walgreen
Company (NYSE: WAG). Under the terms of the transaction,
drugstore.com shareholders will receive $3.80 in cash per each
share of drugstore.com they own. The transaction has a total value
of approximately $409 million.
Click here to learn how to join the action:
http://www.zlk.com/drugstore-dotcom-dscm.html, or call:
877-363-5972.
The investigation concerns whether the drugstore.com Board of
Directors breached their fiduciary duties to drugstore.com
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Walgreen Company is
underpaying for drugstore.com shares, thus unlawfully harming
drugstore.com stockholders.
If you own common stock in drugstore.com 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://www.zlk.com/drugstore-dotcom-dscm.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions 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.
Drugstore (NASDAQ:DSCM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Drugstore (NASDAQ:DSCM)
Historical Stock Chart
From Jul 2023 to Jul 2024