CORRECTING and REPLACING -- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies
Investors of Claims of Breaches of Fiduciary Duty by the Board of Obagi
Medical Products, Inc. in Connection With the Sale of the Company to Valeant
Pharmaceuticals International, Inc. -- OMPI
NEW YORK, April 3, 2013 (GLOBE NEWSWIRE) -- In a press release issued today by
Levi & Korsinsky with the same headline, please note that the per share amount
in the third paragraph should be $24.00, not $19.75 as originally stated. The
corrected release follows:
Levi & Korsinsky notifies investors of Obagi Medical Products, Inc. ("Obagi"
or the "Company") (Nasdaq:OMPI) of claims of breaches of fiduciary duty and
other violations of state law against the board of directors of the Company in
connection with the sale of the Company to Valeant Pharmaceuticals
International, Inc. (NYSE:VRX). A complaint was filed in Delaware state court.
Click here to learn how to join the action:
http://zlk.9nl.com/obagi-medical-products-ompi/, or call: 877-363-5972. There
is no cost or obligation to you.
Under the terms of the transaction, Obagi shareholders will receive $24.00 for
each share of Obagi common stock they own. The claims concern whether the
Obagi Board of Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before entering into this transaction
and whether Valeant Pharmaceuticals International, Inc. is underpaying for
Obagi shares, thus unlawfully harming Obagi stockholders.
If you own common stock in Obagi and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at email@example.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys at Levi &
Korsinsky have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities lawsuits
and have successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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