Bernstein Liebhard LLP is investigating whether the Board of Directors of Cubist Pharmaceuticals, Inc. (“Cubist” or the “Company”) (NASDAQ: CBST) breached its fiduciary duty to its shareholders in agreeing to sell Cubist to Merck.
Under the terms of the agreement, Cubist shareholders will receive $102 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Cubist shareholders and the process by which the Cubist Board of Directors considered and approved the transaction.
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 twelve years.