STEVENSON, Md., Aug. 14, 2013 (GLOBE NEWSWIRE) -- The securities litigation firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been filed in the Delaware Chancery Court on behalf of all stockholders of Trius Therapeutics, Inc. ("Trius" or the "Company") (Nasdaq:TSRX) common stock.
According to the complaint, the proposed buyout provides for Trius shareholders to receive $13.50 per share in cash for each share of Trius common stock they own in addition to a Contingent Value Right ("CVR") entitling the holder to receive an additional one-time cash payment of up to $2.00 for each share they own if certain commercial sales milestones are achieved. The lawsuit alleges that the members of Trius's Board of Directors have breached their fiduciary duties by agreeing to the proposed buyout for an unfair price and by agreeing to lock up the proposed buyout with deal protection provisions that deter the most likely bidders from making a successful competing offer for the Company.
If you currently own common stock of Trius and would like to learn more about the claims being asserted and your rights, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
CONTACT: Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, (410) 415-6616
hoffman@browerpiven.com
