NEW YORK, Feb. 11, 2014 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Cadence Pharmaceuticals, Inc. ("Cadence Pharmaceuticals" or the "Company") (NASDAQ: CADX) breached its fiduciary duty to its shareholders in agreeing to sell Cadence Pharmaceuticals to Mallinckrodt plc.
Under the terms of the agreement, Cadence Pharmaceuticals shareholders will receive $14.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Cadence Pharmaceuticals shareholders and the process by which the Cadence Pharmaceuticals Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Cadence Pharmaceuticals stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at:
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 eleven years.
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SOURCE Bernstein Liebhard LLP