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Breach of Fiduciary Duty, re $120 Million Acqusition

On Behalf of | Jan 14, 2014 | Uncategorized |

How much notice must a corporate board give to shareholders regarding a potential acquisition of the company?

The Alexander Firm P.C. Announces Investigation of Patient Safety Technologies, Inc.

LOS ANGELES (BUSINESS WIRE). January 13, 2014

The Alexander Firm P.C., A Professional Law Corporation, announces that it is investigating potential claims for breach of fiduciary duty against the Board of Directors of Patient Safety Technologies, Inc. (“Patient Safety” or the “Company”) (OTC:PSTX) concerning the proposed acquisition of the Company by Stryker Corporation (“Stryker”). The transaction is valued at approximately $120 million or $2.22 per share.

This investigation concerns whether the Board of Directors of Patient Safety breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.

More information at www.alexanderfirmpc.com

 

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He actually persuaded me not to settle because he believed that we had a great case. So we took the case to trial and he fought like crazy for me. And we won! It was a really good experience —well, as much as it can be for a lawsuit — and I’m very happy I went with them. I’ve been really blessed to have him as my attorney, so I recommend him whenever I can.”

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He actually persuaded me not to settle because he believed that we had a great case. So we took the case to trial and he fought like crazy for me. And we won! It was a really good experience —well, as much as it can be for a lawsuit — and I’m very happy I went with them. I’ve been really blessed to have him as my attorney, so I recommend him whenever I can.”

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