INVESTOR ALERT: LEVI & KORSINSKY, LLP Announces Investigation of ARTHROCARE CORPORATION and Its Board of Directors In Connection With the Sale of the Company to Smith & Nephew plc -- ARTC
NEW YORK, Feb. 6, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of ArthroCare Corporation ("ArthroCare" or "the Company") (NasdaqGS: ARTC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Smith & Nephew plc.
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Click here to learn more about the investigation http://zlk.9nl.com/arthrocare-artc, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, ArthroCare shareholders will receive $48.25 for each share of ArthroCare stock they own. The transaction has a total approximate value of $1.7 billion. The investigation concerns whether the ArthroCare Board of Directors breached their fiduciary duty to ArthroCare shareholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Smith & Nephew plc is underpaying for ArthroCare shares.
If you own ArthroCare common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/arthrocare-artc.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP
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