Press release from PR Newswire
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Pharmasset, Inc. in Connection with the Sale of the Company to Gilead Sciences, Inc.
Monday, November 21, 2011
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Pharmasset, Inc. in Connection with the Sale of the Company to Gilead Sciences, Inc.14:54 EST Monday, November 21, 2011 NEW YORK, Nov. 21, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Pharmasset, Inc. ("Pharmasset" or the "Company") (NASDAQ: VRUS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Gilead Sciences, Inc. (NASDAQ: GILD). Under the terms of the transaction, Pharmasset shareholders will receive $137 for each share of Pharmasset stock they own. The transaction has a total approximate value of $11 billion.Click here to learn how to join the action: http://www.zlk.com/pharmasset-vrus, or call: 877-363-5972. The investigation concerns whether the Pharmasset Board of Directors breached their fiduciary duties to Pharmasset stockholders by failing to adequately shop the Company before entering into this transaction and whether Gilead Sciences, Inc. is underpaying for Pharmasset shares, thus unlawfully harming Pharmasset stockholders. If you own common stock in Pharmasset and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com. Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com SOURCE Levi & Korsinsky