BALA CYNWYD, PA / ACCESSWIRE / June 8, 2016 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Celator Pharmaceuticals, Inc. ("Celator" or "the Company") (Nasdaq: CPXX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Jazz Pharmaceuticals plc, ("Jazz").
Click here to learn more about the investigation http://brodsky-smith.com/1087-cpxx-celator-pharmaceuticals-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Celator shareholders will receive only $30.25 in cash for each share of Celator stock they own. The investigation concerns whether the Board of Celator breached their fiduciary duties to shareholders and whether Jazz is underpaying for the Company. The transaction may undervalue the Company which recently announced positive results from its Phase 3 trial of VYXEOS. This trial for the treatment of acute myeloid leukemia met its primary endpoint demonstrating a statistically significant improvement in overall survival. Therefore, the promising efficacy results may support its use as a new standard of care.
If you own shares of Celator stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1087-cpxx-celator-pharmaceuticals-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC