Law Office of Brodsky & Smith, LLC Announces Investigation of Epocrates,
BALA CYNWYD, Pa. -- January 8, 2013
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Epocrates, Inc.
(“Epocrates” or the “Company”) (Nasdaq: EPOC) relating to the proposed
acquisition by AthenaHealth, Inc. (“AthenaHealth”).
Under the terms of the transaction, Epocrates shareholders will receive only
$11.75 in cash for each share of Epocrates stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of state law
by the Board of Directors of Epocrates for not acting in the Company’s
shareholders' best interests in connection with the sale process to
AthenaHealth. The transaction may undervalue the Company and will result in a
loss for many shareholders. For example Epocrates stock traded at $25.80 as
recently as March 15, 2011. In addition, an analyst has set a price target for
Epocrates stock at $15.00 per share and the Epocrates app is used by
approximately 338,000 U.S. physicians.
If you own shares of Epocrates stock and wish to discuss the legal
ramifications of the proposed transaction, 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 602, Bala Cynwyd, PA 19004, by e-mail at
http://brodsky-smith.com/526-epoc-epocrates-inc.html, by calling toll free
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
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