Cornerstone Therapeutics Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Going Private Proposal

  Cornerstone Therapeutics Shareholder Alert: Briscoe Law Firm and Powers
  Taylor, LLP Investigate Going Private Proposal

Business Wire

DALLAS -- February 22, 2013

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating potential legal claims against the Board of Directors of
Cornerstone Therapeutics, Inc. (“Cornerstone”) (Nasdaq: CRTX) related to a
going private proposal by Chiesi Farmaceutici SpA (“Chiesi”) for shareholders.
Under the terms of the going private proposal, Chiesi (which currently owns
approximately 60% of the common stock) would acquire all outstanding shares of
Cornerstone’s common stock for between $6.40 and $6.70 per share. The proposed
acquisition price is well below at least one analyst’s estimated value of
$14.00 per share and the 52-week high of $7.99.

If you are an affected investor, and you want to learn more about the lawsuit
or join the action, please contact Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
zach@powerstaylor.com. There is no cost or fee to you.

According to shareholder rights attorney Willie Briscoe, “The investigation
relates to the fairness of the proposed transaction to Cornerstone
shareholders and whether the Board of Directors is adequately shopping the
company in order to obtain the best possible price for the shareholders. In
addition, the firms are actively investigating possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
Cornerstone in connection with the potential approval of this transaction, and
whether Cornerstone’s Board of Directors is acting in the shareholders’ best
interests.”

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:

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com
 
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