Allegations of Shareholder Fraud Against MedImmune Inc.::
If you are a shareholder of MedImmune Inc. (MEDI), you are urged to contact the law offices of Audet & Partners at 800.965.1461 to speak to an attorney. The call is free and there is no obligation. You may also email us by using the simple form that appears on the right-hand side of this page. Act now, as delays can harm your case.
"The deal will send significant sums of cash toward
MedImmune's highest ranks. President and CEO David Mott, who is named as a defendant in the class-action suit, is the largest shareholder of the company's executive team. In all, his nearly 5 million shares, or 2 percent of the company, give him $286.7 million under AstraZeneca's purchase plan." [
more. . .] (from WBJ)
Introduction
A MedImmune shareholder has filed a class-action lawsuit against MedImmune Inc., its executives and directors, claiming the $15.6 billion buyout deal MedImmune hammered out with British-based AstraZeneca benefits MedImmune more than it does their public stockholders.
Allegations in the complaint allege that "[i]nstead of attempting to obtain the highest value reasonably available for the company's stockholders, defendants spent a substantial effort tailoring the acquisition to meet the specific needs of AstraZeneca."
If you are a shareholder of MedImmune Inc.(MEDI), you are urged to contact the law offices of Audet & Partners at 800.965.1461 to speak to an attorney. The call is free and there is no obligation. You may also contact us. Act now, as delays can harm your case.
Important Notice
Persons seeking to preserve any potential legal claims should contact an attorney promptly, since all states have mandatory time periods in which lawsuits must be filed with the courts; otherwise, they may be forever barred.
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