The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Pharmaceutical Product Development, Inc.

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The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Pharmaceutical Product Development, Inc.

//health-fitness.news-articles.net/content/2011/ .. n-of-pharmaceutical-product-development-inc.html

Published in Health and Fitness on Monday, October 3rd 2011 at 18:40 GMT by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Pharmaceutical Product Development, Inc. (aPPDa or the aCompanya) (NASDAQ: PPDI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of The Carlyle Group and Hellman & Friedman. Under the terms of the transaction, PPD shareholders will receive $33.25 per share of PPD stock they own. The transaction has a total approximate value of $3.9 billion.

Click here to learn how to join the action: [ http://www.zlk.com/pharmaceutical-product-ppdi ], or call: 877-363-5972.

The investigation concerns whether the PPD Board of Directors breached their fiduciary duties to PPD stockholders by failing to adequately shop the Company before entering into this transaction and whether The Carlyle Group and Hellman & Friedman are underpaying for PPD shares, thus unlawfully harming PPD stockholders. In particular, at least one analyst set a price target of $38.00 per PPD share.

If you own common stock in PPD and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or [ http://www.zlk.com ].

Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.