The Law Firm of Weiss & Lurie Investigates the Acquisition of Inspire Pharmaceuticals, Inc.
April 07 2011 - 3:36PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Inspire
Pharmaceuticals, Inc. (NASDAQ: ISPH) arising from its proposed
acquisition by Merck (NYSE:MRK) for $5.00 per share.
Weiss & Lurie is investigating whether Inspire’s Board acted
in the best interests of shareholders in approving the transaction
and whether the Board properly sought to maximize shareholder
value. Notably, Inspire shares traded over $8 per share in December
2010, and at least one analyst set Inspire’s price target at $7.00
as recently as February 17, 2011.
If you own Inspire shares and would like more information about
your rights as a shareholder or additional information concerning
our investigation, please contact Michael A. Rogovin either by
email at infony@weisslurie.com or by telephone at (888)
593-4771.
Weiss & Lurie 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
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at infony@weisslurie.com or fill out the form on
our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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