Cornerstone Therapeutics Shareholder Alert: Former SEC Attorney Willie
Briscoe and Powers Taylor LLP Investigate Acquisition by Chiesi Farmaceutici
DALLAS -- September 16, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor LLP are
investigating the acquisition of Cornerstone Therapeutics, Inc.
(“Cornerstone”) (NasdaqCM: CRTX) by Chiesi Farmaceutici S.p.A for
shareholders. Under the terms of the proposed acquisition, Cornerstone
shareholders will only receive $9.50 in cash for each share owned. The
transaction price is well below at least one analyst’s estimated value of
$14.00 per share.
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 or via e-mail at
email@example.com. There is no cost or fee to you.
The investigation into the Cornerstone sale is focused on whether minority
shareholders are receiving adequate compensation for their shares in the
proposed deal, whether the transaction properly values Cornerstone stock, and
whether Cornerstone’s board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal. Notably, at least one analyst
with Yahoo! Finance estimates that the true inherent value of Cornerstone
stock could be as high as $14.00 per share.
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.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor LLP
Zach Groover, 877-728-9607
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