Chelsea Therapeutics Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate the Acquisition

  Chelsea Therapeutics Shareholder Alert: Former SEC Attorney Willie Briscoe
  and Powers Taylor LLP Investigate the Acquisition Proposal from H. Lundbeck
  A/S

Business Wire

DALLAS -- May 21, 2014

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor LLP are
investigating potential claims against the Board of Directors of Chelsea
Therapeutics (“Chelsea”) (NasdaqCM: CHTP) concerning the proposed acquisition
by H. Lundbeck. Under the acquisition proposal, valued at approximately $658
million, Chelsea shareholders will only receive $6.44 in cash per share owned
and contingent value rights worth up to $1.50. The total possible
consideration of $7.94 is well below at least one analyst’s estimated value of
$12 per share.

If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be helpful to
the determination of the fairness of the proposed transaction, contact Willie
Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll
free (877) 728-9607, via e-mail at shareholder@powerstaylor.com. There is no
cost or fee to you.

The investigation centers on whether Chelsea’s Board of Directors is acting in
the shareholders’ best interests, whether the board is properly negotiating a
higher share price for the shareholders, and whether the board has employed an
adequate process to review and act on the proposed transaction. Notably, at
least one analyst with Yahoo! Finance believes that the true inherent value of
the stock could be as high as $12 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.

Contact:

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