Ryan & Maniskas, LLP Announces Investigation of BioSphere Medical, Inc.
14 Mayo 2010 - 10:00AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/bsmd) has
commenced an investigation into possible breaches of fiduciary duty
and other violations of state law by members of the Board of
Directors of BioSphere Medical, Inc. (“BioSphere Medical” or the
“Company”) (NASDAQ:BSMD) in connection with their actions in
causing BioSphere Medical to enter into a merger agreement with
Merit Medical System, Inc. and Merit BioAcquisition Co., a
wholly-owned subsidiary of Merit Medical pursuant to which
BioSphere Medical will merge with and into Merit BioAcquisition
Co.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of BioSphere Medical. For more information regarding
our investigation, please contact Ryan & Maniskas, LLP (Richard
A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/bsmd.
Under the terms of the agreement, each share of BioSphere
Medical common stock will be exchanged for $4.38 per share in
cash.
If you own shares of BioSphere Medical and would like to learn
more about these claims or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or
to sign up online, visit: www.rmclasslaw.com/cases/bsmd. You may
also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more
information about class action cases in general, please visit our
website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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