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CTIC STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF CTI BIOPHARMA CORP. IS FAIR TO SHAREHOLDERS
May 10, 2023.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of CTI BioPharma Corp. (NASDAQ: CTIC) to Swedish Orphan Biovitrum AB for $9.10 per share is fair to CTI BioPharma shareholders.
The investigation concerns whether CTI BioPharma and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for CTI BioPharma shareholders; (2) determine whether Swedish Orphan is underpaying for CTI BioPharma; and (3) disclose all material information necessary for CTI BioPharma shareholders to adequately assess and value the merger consideration. On behalf of CTI BioPharma shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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