The Law Offices of Howard G. Smith is investigating whether the Board of Directors of Facet Biotech Corporation (NASDAQ: FACT) breached its fiduciary duty to its shareholders in agreeing to sell the Company to Abbott Laboratories in a cash deal whereby Facet Biotech shareholders will receive $27.00 for each share of Facet Biotech that they own.
The Law Offices of Howard G. Smith believes that the deal is suspicious because it appears from a review of the Company's financial statements that the inherent value of the Company's stock is greater than $27.00 per share and also because the it appears that the Board of Directors may have failed to shop itself to other potential buyers prior to accepting the offer from Abbott, which might have netted the shareholders a better price for their shares.
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If you own shares of Facet Biotech Corporation (NASDAQ: FACT) and wish to protect your investment you may join the lawsuit by submitting your information online or call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you.
Case Summary
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I, the Plaintiff, certify that:
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retain the Law Offices of Howard G. Smith in an action against the Company based on the Case Summary. I also acknowledge that I have read and agree to the Representation Agreement.
