BALA CYNWYD, Pa.,
May 18, 2016 /PRNewswire-USNewswire/
-- Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Nanosphere, Inc. ("Nanosphere" or "the Company") (Nasdaq: NSPH) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Luminex
Corporation ("Luminex").
Click here to learn more about the investigation
http://brodsky-smith.com/1073-nsph-nanosphere-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Nanosphere shareholders will
receive only $1.35 in cash for each
share of Nanosphere stock they own. The investigation concerns
whether the Board of Nanosphere breached their fiduciary
duties to shareholders and whether Luminex is underpaying for the
Company. The transaction may undervalue the Company and would
result in a substantial loss for many Nanosphere shareholders. For
example, Nanosphere stock traded at $24.60 per share on October 13, 2014 and $7.80 on March 2,
2015.
If you own shares of Nanosphere stock and wish to discuss the
legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by
visiting http://brodsky-smith.com/1073-nsph-nanosphere-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC