NEW YORK, Jan. 9, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of Ohr
Pharmaceutical, Inc. ("OHRP" or the "Company") (NASDAQ: OHRP) in
connection with the proposed acquisition of the Company by NeuBase
Therapeutics, Inc.
If you own OHRP shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)
593-4771
stockinfo@weisslawllp.com
Visit our
website
http://www.weisslawllp.com/ohr-pharmaceutical-inc/
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WeissLaw is investigating whether OHRP's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, upon closing of the transaction, NeuBase shareholders will
own approximately 80% of the combined company, leaving a meager 20%
for OHRP shareholders.
Given these facts, WeissLaw is concentrating its investigation
on whether OHRP's Board conducted a fair process in agreeing to the
proposed acquisition, whether the proposed acquisition undervalues
the Company, and whether all material information related to the
proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP