The Law Offices of Howard G. Smith is investigating whether the Board of Directors of Home Diagnostics, Inc. (NASDAQ: HDIX) breached its fiduciary duty to its shareholders in agreeing to sell the Company to Nipro Corporation in a cash deal whereby Home Diagnostics shareholders will receive $11.50 in cash for each share of Home Diagnostics stock 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 $11.50 per share and also because it appears that the Board of Directors has agreed to refrain from shopping the Company to other potential suitors to obtain a better price than the $11.50 per share offered.
If you own common stock in Home Diagnostics, Inc. (NASDAQ: HDIX) 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
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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.