SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of DUSA Pharmaceuticals Inc. in Connection with the Sale of the Company to Sun Pharmaceutical Industries Limited
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of DUSA Pharmaceuticals Inc. ("DUSA" or the "Company") (NAS: DUSA) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sun Pharmaceutical Industries Limited (Reuters: SUN.BO).
Click here to learn more about the investigation: http://zlk.9nl.com/dusa-pharmaceuticals-dusa/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, DUSA shareholders will receive $8 in cash for each share of DUSA stock they own, for a total transaction value of approximately $230 million. The investigation concerns whether the DUSA Board of Directors breached their fiduciary duties to DUSA stockholders by failing to adequately shop the Company before entering into this transaction and whether Sun Pharmaceutical Industries Limited is underpaying for DUSA shares, thus unlawfully harming DUSA stockholders. In particular, at least one analyst set a price target for DUSA stock at $9.50 per share.
If you own common stock in DUSA and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/dusa-pharmaceuticals-dusa/.
Levi & Korsinsky is a national firm with offices in New York 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of DUSA Pharmaceuticals Inc. in Connection with the Sale of the Company to Sun Pharmaceutical Industries Limited originally appeared on Fool.com.