Harwood Feffer LLP Announces Investigation of Transcept Pharmaceuticals, Inc.
NEW YORK, Sept. 20, 2013
NEW YORK, Sept. 20, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is
investigating potential claims against the board of directors of Transcept
Pharmaceuticals, Inc. ("Transcept" or the "Company") (NASDAQ: TSPT) concerning
the proposed acquisition of the Company by Retrophin, Inc. ("Retrophin").
(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO )
Retrophin has offered to acquire Transcept for $4.00 per share. The Transcept
board recently adoped a "tax benefit preservation plan" which may have been
designed to stymie Retrophin's acquisition attempt.
Our investigation concerns whether the Transcept board of directors is
fulfilling its fiduciary duties, maximizing the value of the Company,
disclosing all material benefits and costs, and obtaining full and fair
consideration for Company shareholders.
If you own Transcept shares and wish to discuss this matter with us, or have
any questions concerning your rights and interests with regard to this matter,
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors
for many years, serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for
more information about the firm.
Attorney Advertising © 2013 Harwood Feffer LLP. The law firm responsible for
this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to any future matter.
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