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Clinical Data, Inc. Investor Files Lawsuit To Block Buyout

  • If you purchased shares of Clinical Data, Inc. (NASDAQ:CLDA) prior to the announcement and continue to hold those NASDAQ: CLDA shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

An investor in shares of Clinical Data, Inc. filed a lawsuit in State Court against members of board of directors of Clinical Data in effort to stop the takeover by Forest Laboratories, Inc. According to the complaint the plaintiff alleges that the defendants breached their fiduciary duties arising out of their attempt to sell Clinical Data too cheaply via an unfair process to Forest...



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