SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Pharmacyclics, Inc. - PCYC
BALA CYNWYD, Pa., March 6, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Pharmacylics, Inc. ("Pharmacyclics" or "the Company") (Nasdaq-PCYC-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to AbbVie, Inc. ("AbbVie")
Click here to learn more about the investigation http://brodsky-smith.com/900-pcyc-pharmacyclics-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under terms of the transaction, Pharmacyclics shareholders would receive approximately $261.25 in a combination of cash and AbbVie common stock for each share of Pharmacyclics stock they own. The investigation concerns whether the Board of Pharmacyclics breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether AbbVie is underpaying for Pharmacyclics. The transaction may undervalue Pharmacyclics given that Imbruvica, its cancer fighting drug, may be able to generate annual sales of $7 billion.
If you own shares of Pharmacyclics common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/900-pcyc-pharmacyclics-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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