Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Martek Biosciences Corpo...
December 21 2010 - 12:30PM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of Martek Biosciences Corporation (“Martek” or
the “Company”) (Nasdaq: MATK) for possible breaches of fiduciary
duty and other violations of state law in connection with their
attempt to complete a sale of the Company to DSM. Under the terms
of the proposed transaction, Martek shareholders are to receive
$31.50 in cash for each share they own, for a total transaction
value of approximately $1 billion.
The investigation involves whether the Board of Directors of
Martek breached their fiduciary duties to Martek stockholders by
failing to adequately shop the Company before agreeing to enter
into the transaction and whether Martek has disclosed all material
information to shareholders about the proposed transaction.
If you own stock in Martek and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
CONTACT: Jonathan M. Stein, Esq. Law Office of Jonathan M.
Stein, P.L. 120 E. Palmetto Park Rd., Suite 420 Boca Raton, FL
33432 (561) 961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
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