Solta Medical Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Acquisition by Valeant Ph...
December 16 2013 - 11:08AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Solta Medical, Inc. (“Solta”) (Nasdaq: SLTM) related
to the acquisition by Valeant Pharmaceuticals for shareholders.
Under the terms of the definitive agreement valued at approximately
$250 million, Solta shareholders will only receive $2.92 in cash
for each share of Solta stock owned, well below at least one
analyst’s estimated value of $4.00 per share.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor
LLP, toll free (877) 728-9607, via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
The Solta investigation centers on whether Solta’s Board of
Directors is acting in the shareholders’ best interests, whether
the board is properly considering the proposed price for the
shareholders, and whether the board has employed an adequate
process to review and act on the proposed transaction. According to
at least one analyst with Yahoo! Finance, the true inherent value
of Solta stock could be as high as $4 per share.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor LLPZach
Groover, 877-728-9607shareholder@powerstaylor.com
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