Somaxon Pharmaceuticals Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Pernix Therapeutics

  Somaxon Pharmaceuticals Investor Alert: Briscoe Law Firm and Powers Taylor,
  LLP Investigate Sale to Pernix Therapeutics

Business Wire

DALLAS -- December 12, 2012

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Somaxon Pharmaceuticals, Inc. (“Somaxon”) (Nasdaq:
SOMX) to Pernix Therapeutics Holdings, Inc. for shareholders. Under the terms
of the proposed deal valued at approximately $25 million, Somaxon shareholders
will receive Pernix common stock which will be based on the volume-weighted
average price of Pernix's common stock over the 30 day period ending on the
day immediately prior to the closing of the proposed merger in a price range
of $6.00 to $9.00 per share.

If you are an affected investor, and you want to learn more about the lawsuit
or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free
(877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at
The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Somaxon sale investigation centers on whether Somaxon’s shareholders are
receiving adequate compensation for their shares in the buyout, whether the
transaction undervalues Somaxon’s stock, and whether Somaxon’s board attempted
to obtain the highest share price for all shareholders prior to agreeing to
the deal. According to shareholder rights attorney Patrick Powers, “due to the
fact that this is an all stock transaction and other factors, we believe that
this transaction may undervalue Somaxon’s stock. Our lawsuit will seek to
obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.

Contact:

Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com