Morgan & Morgan announces that class action lawsuits have been filed in the Delaware Court of Chancery on behalf of public stockholders of Avanir Pharmaceuticals, Inc. ("Avanir" or the "Company") (Nasdaq:AVNR) challenging the proposed acquisition by Otsuka Pharmaceutical Co., Ltd. ("Otsuka").

The complaints allege that on December 2, 2014, Otsuka and the Company announced a definitive agreement under which Otsuka, through its wholly-owned subsidiary Bigarade Corporation, will acquire all of the outstanding shares of Avanir through a tender offer to be commenced within ten business days (the "Proposed Transaction"). In the Proposed Transaction, Avanir stockholders will receive $17.00 per share of Avanir stock in a transaction valued at approximately $3.5 billion.

As alleged in the complaint, Morgan & Morgan is investigating whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of Avanir shareholders.

If you own shares of Avanir and want more information on the Avanir Class Action Lawsuit, contact Morgan & Morgan at 1(800) 732-5200 or email info@morgansecuritieslaw.com

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