The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Kensey...
May 03 2012 - 10:57AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Kensey Nash Corporation (“Kensey Nash” or the “Company”) (NASDAQ
GS: KNSY) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Royal DSM N.V. (“DSM”) (NYSE Euronext: DSM KON). Under the terms
of the agreement, Kensey Nash shareholders will receive $38.50 for
each share of Kensey Nash stock they own. The transaction has a
total approximate value of $360 million.
Click here to learn how to join the action:
http://www.zlk.com/kensey-nash-knsy, or call: 877-363-5972. There
is no cost or obligation to you.
The investigation concerns whether the Kensey Nash Board of
Directors breached their fiduciary duties to Kensey Nash
stockholders by failing to adequately shop the Company before
entering into this transaction and whether DSM is underpaying for
Kensey Nash shares, thus unlawfully harming Kensey Nash
stockholders.
If you own common stock in Kensey Nash 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://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York
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.
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