April 07, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Questcor Pharmaceuticals, Inc. (“Questcor” or the “Company”) (NASDAQ: QCOR) breached its fiduciary duty to its shareholders in agreeing to sell Questcor to Mallinckrodt public limited company (“Mallinckrodt”).
Under the terms of the agreement, Questcor shareholders will receive $30.00 in cash and 0.897 Mallinckrodt shares for each share they own. The investigation is focused on the potential unfairness of the price to Questcor shareholders and the process by which the Questcor 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.