Hi-Tech Pharmacal Co., Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Akorn, Inc.

August 27, 2013

Bernstein Liebhard LLP is investigating whether the Board of Directors of Hi-Tech Pharmacal Co., Inc. (“Hi-Tech” or the “Company”) (NASDAQ: HITK) breached its fiduciary duty to its shareholders in agreeing to sell Hi-Tech to Akorn, Inc.

Under the terms of the agreement, Hi-Tech shareholders will receive $43.50 in cash for each share they own.  The investigation is focused on the potential unfairness of the price to Hi-Tech shareholders and the process by which the Hi-Tech Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as an Hi-Tech stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients.  It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.