The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Orth...
16 Mayo 2011 - 11:21AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Orthovita, Inc. (“Orthovita” or the “Company”) (Nasdaq: VITA) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Stryker
Corporation (NYSE: SYK). Under the terms of the transaction,
Orthovita shareholders will receive $3.85 for each outstanding
Orthovita share they own. The transaction has a total value of
approximately $316 million.
Click here to learn how to join the action:
http://www.zlk.com/orthovita-vita.html, or call: 877-363-5972.
The investigation concerns whether the Orthovita Board of
Directors breached their fiduciary duties to Orthovita stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Stryker Corporation is underpaying for
Orthovita shares, thus unlawfully harming Orthovita stockholders.
In particular, at least one analyst set a price target for
Orthovita stock at $4.00 per share.
If you own common stock in Orthovita 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://www.zlk.com/orthovita-vita.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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