BALA CYNWYD, Pa., Oct. 4, 2014 /PR Newswire/ – Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of LipoScience,
Inc. ("LipoScience" or the "Company") (Nasdaq –LPDX-News) relating
to the proposed acquisition by Laboratory Corporation of
America Holdings. ("LH").
Click here to learn more about the investigation
http://brodsky-smith.com/833-lpdx-liposcience-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, LipoScience shareholders
will receive only $5.25 in cash for
each share of LipoScience stock they own. The proposed transaction
values LipoScience at only $85.3
million. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of LipoScience for not acting in the Company's
shareholders' best interests in connection with the sale process.
The transaction may undervalue the company and appears to be an
attempt to take advantage of LipoScience's depressed stock price.
The transaction would result in a substantial loss for many
long-term holders of LipoScience stock. For example, LipoScience
stock traded at $11.32 per share on
February 2, 2013.
If you own shares of LipoScience common stock and wish to
discuss the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/833-lpdx-liposcience-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC