SAN DIEGO, Oct. 12, 2018 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Corium International, Inc.
("Corium") (NASDAQ: CORI) breached their fiduciary duties in
connection with the proposed sale of the Company to Gurnet Point
Capital ("Gurnet").
On October 11, 2018, Corium
announced that it had signed a definitive merger agreement with
Gurnet. Under the terms of the merger agreement, Gurnet will pay
$12.50 per share in cash upon the
closing. The agreement also provides for a Contingent Value Right
of $0.50 per share that is payable
based on the FDA's approval of Corium's lead product candidate,
Corplex Donepezil, for the treatment of Alzheimer's disease, prior
to March 31, 2020.
The investigation concerns whether the Corium board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Corium
shares of common stock.
If you are a shareholder of Corium and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
Additionally, you can [click here to join this
action].There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action]
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SOURCE Johnson Fistel, LLP