Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by members of the Board of Directors of Matrixx Initiatives, Inc. (NASDAQ: MTXX) arising from the proposed acquisition of Matrixx by H.I.G. Capital, LLC.

Under the terms of the transaction, Matrixx shareholders will receive $8.00 in cash for each share of Matrixx. The total value of the transaction is approximately $75.2 million.

Weiss & Lurie is investigating whether Matrixx’s Board acted in the best interests of shareholders in unanimously approving the proposed transaction and whether Matrixx’s Board properly sought to maximize shareholder value. On December 14, 2010, an analyst set a price target of $8.50 per share for Matrixx.

If you own common stock in Matrixx and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin either by email at infony@weisslurie.com or by telephone at (888) 593-4771.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at infony@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

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Matrixx Initiatives Inc. (MM) (NASDAQ:MTXX)
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