CORI - WeissLaw LLP Investigates Corium International Inc. Acquisition
NEW YORK, NY / ACCESSWIRE / October 19, 2018 / WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Corium International, Inc. ("CORI" or the "Company") (NASDAQ: CORI) in connection with the proposed acquisition of the Company by Gurnet Point Capital. Under the terms of the acquisition agreement, shareholders will receive $12.50 in cash, and a contingent value payment of $0.50 for each CORI share they own.
If you own CORI shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
Joshua Rubin
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
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WeissLaw is investigating whether CORI's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $14.00 per CORI share. Additionally, CORI reported total revenue of $27 million for the nine-month period ended June 2018. This represents an increase of approximately $4.6 million year-over-year when compared to the $22.4 million reported in the same period of the previous year.
Given these facts, WeissLaw is concentrating its investigation on whether CORI's Board conducted a fair process in agreeing to the proposed acquisition, and whether the proposed acquisition undervalues the Company.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com.
SOURCE: WeissLaw