Law Office of Brodsky & Smith, LLC Announces Investigation of Prospect Medical Holdings, Inc.
17 Agosto 2010 - 2:15PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Prospect Medical Holdings, Inc. (“Prospect” or the “Company”)
(Nasdaq: PZZ) relating to the proposed acquisition by an entity
sponsored by Leonard Green & Partners, L.P.
Under the terms of the offer, Prospect shareholders would
receive cash of $8.50 for each share of Prospect stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law. The transaction appears to be
unfair, in part, given that Prospect stock was trading at $7.53 a
share as recently as June 14, 2010, and according to Yahoo! Finance
an analyst placed a $16.20 target price on the Company. In
addition, some officers and directors of the Company have agreed to
exchange 6.2 million of their shares for an equity interests in the
sponsored purchasing entity.
If you own shares of Prospect and wish to discuss the legal
ramifications of the proposed transaction, 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
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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