The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into BMP Sunstone
Levi & Korsinsky is investigating the Board of Directors of BMP Sunstone for possible breaches of fiduciary duty and other violations of state law.
- New York, NY (1888PressRelease) October 29, 2010 - Levi & Korsinsky is investigating the Board of Directors of BMP Sunstone Corporation ("BMP Sunstone" or the "Company") (NasdaqGM: BJGP) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Sanofi-Aventis S.A. ("Sanofi-Aventis") (NYSE: SNY). Under the terms of the transaction, BMP Sunstone shareholders will receive $10.00 in cash for each share of BMP Sunstone common stock they own for a total transaction value of approximately $520.6 million. BMP Sunstone's board of directors has unanimously approved the transaction.
The investigation concerns whether the BMP Sunstone Board of Directors breached their fiduciary duties to BMP Sunstone stockholders by failing to adequately shop the Company before entering into this transaction and whether EQI Acquisition is underpaying for BMP Sunstone shares, thus unlawfully harming BMP Sunstone stockholders.
If you own common stock in BMP Sunstone and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi ( @ ) zlk dot com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www dot zlk dot com/bmpsunstone-bjgp dot html dot
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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