BALA CYNWYD, Pa., June 12, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of InSite Vision,
Inc. ("InSite" or "the Company") (OTC -INSV-News) for possible
breaches of fiduciary duty and other violations of state law in
connection with the Merger of the Company with QLT, Inc.
("QLT").
Click here to learn more about the investigation
http://brodsky-smith.com/951-insv-insite-vision-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, InSite shareholder will
receive only 0.048 of a share of QLT stock for each share of InSite
stock they own. The investigation concerns whether the Board of
InSite breached their fiduciary duties to shareholders and whether
QLT is underpaying for InSite. The transaction may undervalue
InSite and will result in a loss for many long term holders of
InSite stock. For example, InSite stock traded as high as
$0.93 per share and an analyst has
set a $0.70 per share price target
for the stock.
If you own shares of InSite and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/951-insv-insite-vision-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC