Rigrodsky & Long, P.A.:
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Do you own shares of Questcor Pharmaceuticals, Inc. (NASDAQ GS: QCOR)?
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Did you purchase any of your shares prior to April 7, 2014?
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Do you think the proposed buyout price is too low?
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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.
Click here to learn more: http://www.rigrodskylong.com/investigations/questcor-pharmaceuticals-inc-qcor-buyout.
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 info@rl-legal.com,
or at: http://www.rigrodskylong.com/investigations/questcor-pharmaceuticals-inc-qcor-buyout.
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.
Copyright Business Wire 2014