SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of
Breaches of Fiduciary Duty by the Board of Palomar Medical
Technologies Inc. in Connection With Sale of Company to Cynosure Inc.
NEW YORK, NY -- (Marketwired) -- 04/26/13 -- Levi & Korsinsky
notifies investors of Palomar Medical Technologies Inc. ("Palomar" or
the "Company") (NASDAQ: PMTI) 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 Cynosure
Inc. (NASDAQ: CYNO). A complaint was filed in Massachusetts state
Click here to learn how to join the action:
http://zlk.9nl.com/palomar-medical-pmti/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Palomar shareholders will receive
$6.825 in cash and $6.825 in Cynosure common stock for each share of
Palomar stock they own. The transaction has a total approximate value
of $294 million. The claims concern whether the Palomar Board of
Directors breached their fiduciary duties to stockholders by failing
to adequately shop the Company before entering into this transaction
and whether Cynosure Inc. is underpaying for Palomar shares, thus
unlawfully harming Palomar stockholders. In particular, at least one
analyst set a price target for Palomar stock at $14.50 per share.
If you own common stock in Palomar and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or http://zlk.9nl.com/palomar-medical-pmti/.
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 similar outcomes.
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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