OMTHERA PHARMACEUTICALS SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors of Claims of Breaches of Fiduciary Duty by Board
June 04 2013 - 5:12PM
Levi & Korsinsky notifies investors of Omthera Pharmaceuticals,
Inc. ("Omthera" or the "Company") (Nasdaq:OMTH) of claims of
breaches of fiduciary duty and other violations of state law
against the board of directors of the Company in connection with
the sale of the Company to AstraZeneca Plc (NYSE:AZN). A complaint
was filed in Delaware state court.
Click here to learn more about the investigation
http://zlk.9nl.com/omthera-pharamaceuticals-omth/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Omthera shareholders will
receive $12.70 for each share of Omthera stock they own. In
addition, Omthera shareholders will receive approximately $4.70 in
contingent value rights if certain benchmarks are met. Including
the contingent rights, the transaction has a total approximate
value of $443 million. The claims concern whether the Omthera Board
of Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the transaction, whether AstraZeneca is underpaying for
Omthera stock, thus unlawfully harming Omthera shareholders.
If you own common stock in Omthera 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://zlk.9nl.com/omthera-pharamaceuticals-omth/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey 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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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