The Law Firm of Levi & Korsinsky, LLP Notifies Investors of
Claims of Breaches of Fiduciary Duty by the Board of Epocrates,
Inc. in Connection with the Sale of the Company to athenahealth,
Inc.
NEW YORK, Jan. 17, 2013 /PRNewswire/ -- Levi &
Korsinsky notifies investors of Epocrates, Inc. ("Epocrates" or the
"Company") (NasdaqGS: EPOC) of claims of breaches of fiduciary duty
and other violations of state law against the board of directors of
the Company in connection with the sale of the Company to
athenahealth, Inc. (Nasdaq: ATHN). A complaint was filed in
California state court.
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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 claims
concern 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.
CONTACT:
Levi & Korsinsky LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP