Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of NuPathe Inc. (“NuPathe” or the “Company”) (NasdaqGM: PATH) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Endo Health Solutions (NasdaqGS: ENDP) in a cash deal valued at approximately $105 million. Under the terms of the proposed transaction, NuPathe’s stockholders will receive $2.85 for each share of NuPathe common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $8.00 for NuPathe.
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The investigation focuses on whether NuPathe’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of NuPathe’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.If you own common stock in NuPathe and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/PATH or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.