Somaxon Pharmaceuticals Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Pernix Therapeutics
DALLAS--(BUSINESS WIRE)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of Somaxon Pharmaceuticals,
Inc. (“Somaxon”) (Nasdaq: SOMX) to Pernix Therapeutics Holdings, Inc.
for shareholders. Under the terms of the proposed deal valued at
approximately $25 million, Somaxon shareholders will receive Pernix
common stock which will be based on the volume-weighted average price of
Pernix's common stock over the 30 day period ending on the day
immediately prior to the closing of the proposed merger in a price range
of $6.00 to $9.00 per share.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, contact Patrick Powers at Powers Taylor,
LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com,
or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via
email at WBriscoe@TheBriscoeLawFirm.com.
There is no cost or fee to you.
The Somaxon sale investigation centers on whether Somaxon’s shareholders
are receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues Somaxon’s stock, and whether
Somaxon’s board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. According to shareholder
rights attorney Patrick Powers, “due to the fact that this is an all
stock transaction and other factors, we believe that this transaction
may undervalue Somaxon’s stock. Our lawsuit will seek to obtain the
highest share price for all shareholders.”
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Powers
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
Powers Taylor, LLP Patrick Powers, 877-728-9607 patrick@powerstaylor.com or The
Briscoe Law Firm, PLLC Willie Briscoe, 214-706-9314 WBriscoe@TheBriscoeLawFirm.com
Press Release $SOMX Somaxon Pharmaceuticals, Inc.
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Somaxon Pharmaceuticals, Inc. (“Somaxon”) (Nasdaq: SOMX) to Pernix Therapeutics Holdings, Inc. for shareholders. Under the terms of the proposed deal valued at approximately $25 million, Somaxon shareholders will receive Pernix common stock which will be based on the volume-weighted average price of Pernix's common stock over the 30 day period ending on the day immediately prior to the closing of the proposed merger in a price range of $6.00 to $9.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Somaxon sale investigation centers on whether Somaxon’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Somaxon’s stock, and whether Somaxon’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Patrick Powers, “due to the fact that this is an all stock transaction and other factors, we believe that this transaction may undervalue Somaxon’s stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com
Source: Powers Taylor, LLP