The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Epocra...
January 07 2013 - 11:33AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Epocrates, Inc. (“Epocrates” or the “Company”) (NasdaqGS: EPOC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to athenahealth,
Inc. (Nasdaq: ATHN).
Click here to learn how to join the action:
http://zlk.9nl.com/epocrates-epoc/, or call toll free
1-877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Epocrates shareholders will
receive $11.75 for each share of Epocrates stock they own. The
transaction has a total approximate value of $293 million. The
investigation concerns whether the Epocrates Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this transaction
and whether athenahealth, Inc. is underpaying for Epocrates, thus
unlawfully harming Epocrates stockholders. In particular, at least
one analyst set a price target for Epocrates stock at $15.00 per
share.
If you own common stock in Epocrates 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://zlk.9nl.com/epocrates-epoc/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, and Washington, D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. 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 securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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