HI-TECH PHARMACAL SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Launches An Investigation Of Hi-Tech Pharmacal Co., Inc. (HITK) Over The Proposed Sale Of The Company To Akorn, Inc. (AKRX)

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 Hi-Tech Pharmacal Co., Inc. (“Hi-Tech” or the “Company”) (NasdaqGS: HITK) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Akorn, Inc. (NasdaqGS: AKRX) in a deal valued at $640 million. Under the terms of the proposed transaction, Hi-Tech’s stockholders will receive $43.50 in cash for each share of Hi-Tech common stock they own. However, Hi-Tech has reached $44.30 in its 52-week high.

Request more information now by clicking here: www.faruqilaw.com/HITK . There is no cost or obligation to you.

The investigation focuses on whether Hi-Tech’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 Hi-Tech’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.

If you own common stock in Hi-Tech and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/HITK or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.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.

If you liked this article you might like

Stocks Plummet on Prospect of U.S.-Led Airstrike on Syria

The Deal: Akorn Acquires Hi-Tech Pharmacal for $540M

All is Not Well as Futures Sink on Syria, U.S. Debt Debate

5 Stocks Set to Soar on Bullish Earnings

Healthcare Sector: High Quality Stocks At A Great Value