SEPR Sepracor Inc. (MM)

Law Offices of Howard G. Smith announces that a stockholder class action lawsuit has been filed in the Court of Chancery for the State of Delaware on behalf of all public stockholders who own shares of Sepracor, Inc. (“Sepracor” or the “Company”) (Nasdaq:SEPR).

The Complaint alleges, among other things, that Sepracor and certain of the Company’s directors breached their fiduciary duties to Sepracor stockholders by agreeing to sell the Company to Dainippon Sumitomo Pharma Co., Ltd. ("Dainippon") at an inadequate and unfair price following a grossly unfair process. On September 3, 2009, Sepracor announced that it and Dainippon had entered into a definitive agreement pursuant to which Dainippon will acquire Sepracor for cash at a price of $23 per share through a cash tender offer followed by a merger. The Complaint alleges that the $23 per share price significantly undervalues Sepracor and, in entering into the proposed merger, each of the defendants violated and continues to violate applicable law by directly breaching and/or aiding and abetting the remaining defendants' breaches of their fiduciary duties.

If you own shares of Sepracor, Inc., if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com.

Sepracor Inc. (MM) (NASDAQ:SEPR)
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