La Jolla Pharmaceutical Company

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LJPC STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE SALE OF LA JOLLA PHARMACEUTICAL COMPANY IS FAIR TO SHAREHOLDERS

July 11, 2022.

New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of La Jolla Pharmaceutical Company (NASDAQ: LJPC) to Innoviva, Inc. for $6.23 per share in cash is fair to La Jolla shareholders.

The investigation concerns whether La Jolla 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 La Jolla shareholders; (2) determine whether Innoviva is underpaying for La Jolla; and (3) disclose all material information necessary for La Jolla shareholders to adequately assess and value the merger consideration. On behalf of La Jolla shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLP 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.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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