ASPM Aspect Medical Systems (MM)

Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of Aspect Medical Systems, Inc. (“Aspect Medical” or the “Company”) (Nasdaq: ASPM) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company’s Board of Directors to sell all of the Company’s outstanding shares of common stock to United States Surgical Corporation, a subsidiary of Covidien plc, at a price of $12.00 per share, net to the holder in cash.

If you own common stock of Aspect Medical and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

The current investigation concerns the proposed price offered to shareholders and the process by which Aspect Medical’s Board of Directors is addressing the proposed transaction. For the year ending December 31, 2008, Aspect Medical reported $11.1 million in net income as compared to $2.2 million for the year ended December 31, 2007. The focus of the investigation is on whether the Aspect Medical Board of Directors breached their fiduciary duties to Aspect Medical’s shareholders by agreeing to sell the Company at an unfair price and by agreeing to a no solicitation provision and an $8 million termination fee that will all but ensure that no superior offer will ever be forthcoming.

If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.

Attorney advertising. Prior results do not guarantee a similar outcome.

Aspect Medical Systems (MM) (NASDAQ:ASPM)
Historical Stock Chart
From Oct 2024 to Nov 2024

Aspect Medical Systems (MM) (NASDAQ:ASPM)
Historical Stock Chart
From Nov 2023 to Nov 2024