SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Volcano Corp. Regarding the Fair...
26 December 2014 - 11:05PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Volcano Corporation ("Volcano" or "the Company") (Nasdaq: VOLC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Royal Phillips
(“Phillips”).
Click here to learn more about the investigation
http://brodsky-smith.com/869-volc-volcano-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Volcano shareholders will
receive only $18.00 in cash for each share of Volcano stock they
own. The investigation concerns whether the Board of Volcano
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Phillips is underpaying for Volcano. The
transaction may undervalue Volcano and will result in a loss for
many long-term Volcano shareholders. For example, VOLC stock traded
at $22.59 per share on May 21, 2014 and traded at over $29.00 per
share on November 2, 2012.
If you own shares of Volcano common 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 e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/869-volc-volcano-corporation.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-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/869-volc-volcano-corporation.html
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