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Press release from PR Newswire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Obagi Medical Products, Inc. in Connection with the Sale of the Company to Valeant Pharmaceuticals International, Inc.

Friday, March 22, 2013

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Obagi Medical Products, Inc. in Connection with the Sale of the Company to Valeant Pharmaceuticals International, Inc.14:19 EDT Friday, March 22, 2013NEW YORK, March 22, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Obagi Medical Products, Inc. ("Obagi" or the "Company") (NasdaqGS: OMPI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Valeant Pharmaceuticals International, Inc. (NYSE: VRX).(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )Click here to learn how to join the action: http://zlk.9nl.com/obagi-medical-products-ompi/, or call: 877-363-5972. There is no cost or obligation to you.Under the terms of the transaction, Obagi shareholders will receive $19.75 for each share of Obagi common stock they own. The investigation concerns whether the Obagi Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Valeant Pharmaceuticals International, Inc. is underpaying for Obagi shares, thus unlawfully harming Obagi stockholders. If you own common stock in Obagi and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/obagi-medical-products-ompi/. Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C.  The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits.  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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors.  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 - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free:  (877) 363-5972Fax: (866) 367-6510www.zlk.com SOURCE Levi & Korsinsky, LLP