The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Amylin...
02 Julio 2012 - 11:23AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Amylin Pharmaceuticals, Inc. (“Amylin” or the “Company”) (Nasdaq:
AMLN) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to
Bristol-Myers Squibb (NYSE: BMY).
Click here to learn how to join the action:
http://zlk.9nl.com/amylin-pharmaceuticals-amln/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Amylin shareholders will
receive $31.00 per share of Amylin stock they own. The transaction
has an approximate total value of $7 billion, including the
assumption of debt and a contractual payment obligation to Eli
Lilly & Company. The investigation concerns whether the Amylin
Board of Directors breached their fiduciary duties to Amylin
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Bristol-Myers Squibb is
underpaying for Amylin shares, thus unlawfully harming Amylin
stockholders. In particular, at least one analyst set a price
target of $32.00 per Amylin share.
If you own common stock in Amylin 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/amylin-pharmaceuticals-amln/.
Levi & Korsinsky is a national firm with offices in New York
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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