The Law Offices of Howard G. Smith is investigating whether the Board of Directors of Global Med Technologies, Inc. (OTC: GLOB.OB) breached its fiduciary duty to its shareholders in agreeing to sell the Company to Haemonetics Corporation in a cash deal whereby Global Med shareholders will receive $1.22 for each share of Global Med 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 $1.22 per share, because the shares traded higher than $1.22 per share not too long ago, because the Board of Directors agreed not to shop the Company to other potential buyers to attempt to receive a better price and also because the Board of Directors agreed to terms that dilute the voting interest of any shareholder who would vote against the deal, thereby assuring its consummation.
If you own common stock in Global Med Technologies, Inc. (OTC: GLOB.OB) 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:
1. I authorize my attorney to file a Complaint on my behalf based on
the information provided in the Case Summary. I verify that the
information contained in the Case Summary is true to the best of
my knowledge, information and belief.
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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.
