SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Palomar M...
April 26 2013 - 4:13PM
Marketwired
Levi & Korsinsky notifies investors of Palomar Medical
Technologies Inc. ("Palomar" or the "Company") (NASDAQ: PMTI) 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 Cynosure Inc. (NASDAQ: CYNO). A
complaint was filed in Massachusetts state court.
Click here to learn how to join the action: http://zlk.9nl.com/palomar-medical-pmti/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Palomar shareholders will
receive $6.825 in cash and $6.825 in Cynosure common stock for each
share of Palomar stock they own. The transaction has a total
approximate value of $294 million. The claims concern whether the
Palomar Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Cynosure Inc. is
underpaying for Palomar shares, thus unlawfully harming Palomar
stockholders. In particular, at least one analyst set a price
target for Palomar stock at $14.50 per share.
If you own common stock in Palomar 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 http://zlk.9nl.com/palomar-medical-pmti/.
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: (866) 367-6510
www.zlk.com
Palomar Medical Technologies, Inc. (MM) (NASDAQ:PMTI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Palomar Medical Technologies, Inc. (MM) (NASDAQ:PMTI)
Historical Stock Chart
From Aug 2023 to Aug 2024