Pharmiweb ChannelsAll | PharmaCo | Clinical Research | R&D/BioTech | Sales/Mktg | Healthcare | Recruitment | Pharmacy | Medical Comms

Pharmiweb.com RSS Feed Pharmiweb.com RSS Feeds

Pharmiweb.com RSS Feed PharmiWeb Candidate Blog

Pharmiweb.com RSS Feed PharmiWeb Client Blog

Advertising

Press Release

Faruqi & Faruqi, LLP Announces Investigation Related to the Going Private Transaction of Caraco Pharmaceutical Laboratories Ltd. - CPD

Faruqi & Faruqi LLP
Posted on: 09 Dec 10

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Caraco Pharmaceutical Laboratories Ltd. (“Caraco” or the “Company”) (AMEX: CPD) for potential breaches of fiduciary duties in connection with their conduct related to the receipt of a $188 million bid from Sun Pharmaceutical Industries Ltd. (“Sun”) and Sun Pharma Global, Inc. (“Sun Global”) to acquire all of the outstanding shares of common stock of Caraco not held by Sun or Sun Global. Sun owns approximately 75.5% of Caraco’s common stock. The proposed transaction offers Caraco shareholders to only receive $4.75 per share in cash.

Request more information now by clicking here: www.faruqilaw.com/CPD

Whether the Caraco’s Board of Directors breached their fiduciary duties to Caraco’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Caraco’s shares and by how much this proposed transaction undervalues the Company to the detriment of Caraco shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Caraco and wish to obtain additional information, please visit us at www.faruqilaw.com/CPD or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising.(C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Business Wire
http://www.businesswire.com/

Last updated on: 09/12/2010

Advertising
Share | | |
Site Map | Privacy & Security | Cookies | Terms and Conditions

PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.