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Do you own shares of Questcor Pharmaceuticals, Inc. (NASDAQ GS: QCOR)?
Did you purchase any of your shares prior to April 7, 2014?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Questcor Pharmaceuticals, Inc. (“Questcor” or the “Company”) (NASDAQ GS:
QCOR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Mallinckrodt plc (“Mallinckrodt”) (NYSE:
MNK), in a transaction valued at approximately $5.6 billion.
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Under the terms of the agreement, public shareholders of Questcor would receive $30.00 in cash and 0.897 shares of Mallinckrodt common stock for each share of Questcor they own. Based on Mallinckrodt’s closing stock price on April 4, 2014, Questcor shareholders would have received consideration valued at approximately $86.08 per share.
The investigation concerns whether Questcor’s board of directors failed to adequately shop the Company and obtain the best possible value for Questcor’s shareholders before entering into an agreement with Mallinckrodt. According to Yahoo! Finance, at least one analyst has issued a price target for Questcor stock at $99.00 per share.
If you own the common stock of Questcor and purchased your shares before April 7, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to
email@example.com, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.