NEW YORK, April 29, 2014 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Furiex
Pharmaceuticals, Inc. ("Furiex" or "the Company") (NasdaqGS: FURX)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Forest
Laboratories, Inc. ("Forest").
Click here to learn more about the investigation:
http://zlk.9nl.com/furiex-pharmaceuticals-furx, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Furiex shareholders will
receive $95.00 per share in cash for
each share of Furiex stock they own. The transaction has a total
approximate value of $1.1 billion. An
additional $30.00 per share
($360 million in aggregate) may be
payable to shareholders in a Contingent Value Right (CVR) based on
the status of eluxodoline, Furiex's lead product, as a controlled
drug following approval. The investigation concerns whether the
Furiex Board of directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Forest is
underpaying for Furiex shares.
If you own Furiex common stock 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 visit
http://zlk.9nl.com/furiex-pharmaceuticals-furx.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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
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SOURCE Levi & Korsinsky, LLP