SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Raptor Pharmaceutical Corp. -RPTP

Dienstag, 20.09.2016 21:35 von

PR Newswire

BALA CYNWYD, Pa., Sept. 20, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Raptor Pharmaceutical Corp. ("Raptor" or "the Company") (Nasdaq- RPTP-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Horizon Pharma plc. ("Horizon").

Click here to learn more about the investigation, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Raptor shareholders will receive only $9.00 in cash for each share of Raptor stock they own. The investigation concerns whether the Board of  Raptor breached their fiduciary duties to shareholders and whether Horizon is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many long-term Raptor shareholders. For example, the Raptor stock traded at $16.43 per share on June 22, 2015 and an analyst has set a $10.00 per share price target for Raptor stock.

If you own shares of Raptor stock 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, 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