Epocrates Inc. (EPOC) is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties
30 Janvier 2013 - 5:43PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Epocrates, Inc. (“Epocrates” or the “Company”)
(NASDAQ: EPOC) for potential breaches of fiduciary duties in
connection with their duty to disclose material information in the
Preliminary Proxy (“Proxy”) filed with the Securities and Exchange
Commission on January 25, 2013 in relation to the sale of the
Company to athenahealth Inc. (NASDAQ: ATHN) in an all-cash deal
valued at approximately $293 million. Furthermore, the price per
share agreed to in the proposed transaction is also under
investigation since Epocrates’ stockholders will receive only
$11.75 in cash for each share of Epocrates common stock they own,
while according to Yahoo! Finance, at least one financial analyst
has set a price target of $13 for Epocrates.
Request more information now by clicking here:
www.faruqilaw.com/EPOC. There is no cost or
obligation to you.
The investigation focuses on whether Epocrates’ Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to disclose all material information in the
Proxy and to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, and on whether and by how
much this proposed transaction undervalues the Company to the
detriment of Epocrates’ 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 Epocrates and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/EPOC 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.
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