LAWSUIT ALERT: Andrews & Springer LLC Announces That a Law Firm Has Filed a Class Action Lawsuit Against Volcano Corporation ...
05 Gennaio 2015 - 2:05PM
Andrews & Springer LLC, a boutique securities class action law
firm focused on representing shareholders nationwide, announced
today that a class action lawsuit has been filed by another law
firm on behalf of stockholders of Volcano Corporation (Nasdaq:VOLC)
("Volcano" or the "Company") seeking to challenge the Company's
recently announced merger.
If you would like to join the class action, please visit our
website or contact Craig J. Springer, Esq. at
cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013.
You may also follow us on LinkedIn –
www.linkedin.com/company/andrews-&-springer-llc, Twitter –
www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
On December 17, 2014, Volcano and Royal Philips NV ("Royal
Philips") announced the signing of a definitive merger agreement
pursuant to which Royal Philips will acquire Volcano in a merger
worth $1.2 billion. As a result of the merger, Volcano shareholders
are only anticipated to receive $18.00 per share in cash in
exchange for each share of Volcano. While the Company claims that
shareholders will receive a premium for their shares, the Company's
stock traded at $22.59 per share on March 21, 2014. The process
leading up to the announcement of the merger appears to have
significant conflicts of interest, thus making the process and
consideration unfair.
On December 22, 2014, a Volcano shareholder represented by
another law firm filed a class action complaint challenging
Volcano's merger with Royal Philips. The complaint was filed in the
Delaware Court of Chancery, Case No. 10485-VCP.
If you own shares of Volcano and want to receive additional
information and protect your investments free of charge, please
visit us at
http://www.andrewsspringer.com/cases-investigations/VOLC or contact
Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call
toll free at 1-800-423-6013. You may also follow us on LinkedIn –
www.linkedin.com/company/andrews-&-springer-llc, Twitter –
www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. For more information
please visit our website at www.andrewsspringer.com. This notice
may constitute Attorney Advertising.
CONTACT: Craig J. Springer, Esq.
cspringer@andrewsspringer.com
Call Toll Free: 1-800-423-6013
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