SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Hyperion Therapeutics, Inc.
11 April 2015 - 10:05AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Hyperion Therapeutics, Inc. ("Hyperion” or "the Company")
(Nasdaq:HPTX) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Horizon Pharma plc. (“Horizon”).
Click here to learn more about the investigation
http://brodsky-smith.com/911-hptx-hyperion-therapeutics-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Hyperion shareholders will
receive only $46.00 in cash for each share of Hyperion stock they
own. The investigation concerns whether the Board of Hyperion
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Horizon is underpaying for Hyperion. The
transaction may undervalue Hyperion which manufactures the drug
Ravicti, a treatment for Urea Cycle disorder. The FDA approved
Ravicti in 2013 and the drug has annual sales of $105 million.
However, Hyperion has estimated that Urea Cycle disorder is
substantially under diagnosed providing ample room for growth. As a
result, an analyst has set a $52.00 per share price target for
Hyperion stock and following the announcement Horizon stock was up
18%.
If you own shares of Hyperion stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/911-hptx-hyperion-therapeutics-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/911-hptx-hyperion-therapeutics-inc.html
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