The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Questcor Pharmaceuticals Inc.
(“Questcor” or the “Company”) (Nasdaq: QCOR) and other violations of
state law by the board of directors of Questcor relating to the proposed
buyout of the Company by Mallinckrodt plc (“Mallinckrodt”).
Under the terms of the transaction, Questcor shareholders will receive
$30.00 cash and 0.897 Mallinckrodt shares for each share of Questcor
common stock they own. The firm’s investigation seeks to determine,
among other things, whether the Company’s board of directors breached
their fiduciary duties by failing to maximize shareholder value before
agreeing to enter into this transaction, and whether Mallinckrodt is
underpaying for Questcor shares.
If you currently own common stock of Questcor and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616. Attorneys at Brower Piven together
have more than a century of experience litigating securities and other
class action cases.
Copyright Business Wire 2014