FURIEX SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Furiex Pharmaceuticals, Inc. (FURX) Over the Pr...
April 28 2014 - 7:25PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Furiex Pharmaceuticals, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Furiex Pharmaceuticals
(“Furiex” or the “Company”) (FURX) for potential breaches of
fiduciary duties in connection with the sale of the Company to
Forest Laboratories, Inc. (NYSE:FURX) for approximately $1.1
billion in cash and up to $30 per share (approximately $360
million) in a Contingent Value Right (CVR) that may be payable
based on the FDA status of eluxadoline. The Company’s stockholders
are only guaranteed $95 for each share of Furiex common stock they
own, while according to Thomson Research, at least one analyst has
given a price target of $137 for the Company.
Click here for more information:
www.faruqilaw.com/FURX. There is no cost or
obligation to you.
The investigation focuses on whether Furiex’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of Furiex’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
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If you own common stock in Furiex and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/FURX or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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