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TMCNet:  FURIEX SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Furiex Pharmaceuticals, Inc. (FURX) Over the Proposed Sale of the Company to Forest Laboratories, Inc.

[April 28, 2014]

FURIEX SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Furiex Pharmaceuticals, Inc. (FURX) Over the Proposed Sale of the Company to Forest Laboratories, Inc.

NEW YORK --(Business Wire)--

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Furiex Pharmaceuticals ("Furiex" or the "Company") (FURX) for potential breaches of fiduciary duties in connection with the sale of the Company to Forest Laboratories, Inc. (NYSE:FURX) for approximately $1.1 billion in cash and up to $30 per share (approximately $360 million) in a Contingent Value Right (CVR) that may be payable based on the FDA status of eluxadoline. The Company's stockholders are only guaranteed $95 for each share of Furiex common stock they own, while according to Thomson (News - Alert) Research, at least one analyst has given a price target of $137 for the Company.

Click here for more information: www.faruqilaw.com/FURX. There is no cost or obligation to you.


The investigation focuses on whether Furiex's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Furiex's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter (News - Alert) at www.twitter.com/MergerActivity or on Facebook (News - Alert) at www.facebook.com/FaruqiLaw.

If you own common stock in Furiex and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FURX or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.


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