MTOX Medtox Scientific, Inc. (MM)

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of MEDTOX Scientific, Inc. (“MEDTOX” or “MTOX”) (NASDAQ: MTOX) to Laboratory Corporation of America Holdings for shareholders. Under the proposed buyout, MEDTOX shareholders will receive $27.00 in cash for each share of MTOX stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The proposed transaction is valued at approximately $241 million and is expected to close in the third quarter of 2012.

The investigation centers on whether MEDTOX shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues MEDTOX’s stock, and whether MEDTOX’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, “It is notable that MEDTOX has shown substantial growth over the past year, so we are concerned that the buyout price may not be fair to shareholders. As such, our proposed shareholder lawsuit seeks to investigate the transaction to obtain additional value for shareholders than what is proposed in the current buyout offer.”

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.

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