The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Epocrates, Inc. in Connection with the Sale of the Company to athenahealth, Inc.
Levi & Korsinsky is investigating the Board of Directors of Epocrates,
Inc. (“Epocrates” or the “Company”) (NasdaqGS: EPOC) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to athenahealth, Inc. (Nasdaq:
ATHN).
Click here to learn how to join the action: http://zlk.9nl.com/epocrates-epoc/,
or call toll free 1-877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Epocrates shareholders will receive
$11.75 for each share of Epocrates stock they own. The transaction has a
total approximate value of $293 million. The investigation concerns
whether the Epocrates Board of Directors breached their fiduciary duties
to stockholders by failing to adequately shop the Company before
entering into this transaction and whether athenahealth, Inc. is
underpaying for Epocrates, thus unlawfully harming Epocrates
stockholders. In particular, at least one analyst set a price target for
Epocrates stock at $15.00 per share.
If you own common stock in Epocrates and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/epocrates-epoc/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington, D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.