NEW YORK, Feb. 11, 2014 /PRNewswire/ -- Juan E. Monteverde,
a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York
City, is investigating the Board of Directors of Cadence
Pharmaceuticals, Inc. ("Cadence" or the "Company") (NasdaqGS: CADX)
for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Mallinckrodt in a cash deal valued at approximately
$1.3 billion. Under the terms
of the proposed transaction, Cadence's stockholders will receive
$14.00 for each share of Cadence
common stock they own.
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Request more information now by clicking here:
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The investigation focuses on whether Cadence's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Cadence's shareholders.
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
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firm has an experienced trial team which has achieved significant
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If you own common stock in Cadence and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/CADX 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.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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