HI-TECH PHARMACAL CO. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by ...
09 Septiembre 2013 - 3:47PM
Marketwired
Levi & Korsinsky notifies investors of Hi-Tech Pharmacal Co.
("Hi-Tech" or the "Company") (NASDAQ: HITK) of claims of breaches
of fiduciary duty and other violations of state law against the
board of directors of the Company in connection with the sale of
the Company to Akorn, Inc. (NASDAQ: AKRX). A complaint was filed in
Delaware state court.
Click here to learn more about the case http://zlk.9nl.com/hi-tech-pharmacal-hitk/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Hi-Tech shareholders will
receive $43.50 for each share of Hi-Tech stock they own. The
transaction has a total approximate value of $640 million. The
claims concern whether the Hi-Tech Board of Directors breached
their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into this transaction,
and whether Akorn, Inc. is underpaying for Hi-Tech shares.
If you and own Hi-Tech common stock 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 visit http://zlk.9nl.com/hi-tech-pharmacal-hitk/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey 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.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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