BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of LipoScience, Inc. (“LipoScience" or the “Company”) (Nasdaq: LPDX) relating to the proposed acquisition by Laboratory Corporation of America Holdings. (“LH”).
Click here to learn more about the investigation http://brodsky-smith.com/833-lpdx-liposcience-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, LipoScience shareholders will receive only $5.25 in cash for each share of LipoScience stock they own. The proposed transaction values LipoScience at only $85.3 million. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of LipoScience for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the company and appears to be an attempt to take advantage over of LipoScience’s depressed stock price. The transaction would result in a substantial loss for many long-term holders of LipoScience stock. For example, LipoScience stock traded at $11.32 per share on February 2, 2013.
If you own shares of LipoScience common 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 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/833-lpdx-liposcience-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 case 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 successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.