NEW YORK, Jan. 07, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Loxo Oncology, Inc. (“Loxo Oncology” or the “Company”) (NASDAQGM: LOXO) stock prior to January 7, 2019 .
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Loxo Oncology to Eli Lilly and Company for $235 (NYSE: LLY) per share. To learn more about the action and your rights, go to :
https://www.zlk.com/mna/loxo-oncology-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you .
The Loxo Oncology merger investigation concerns whether the Board of Loxo Oncology breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Eli Lilly and Company is underpaying for Loxo Oncology shares, thus unlawfully harming Loxo Oncology shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders . For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP Joseph E. Levi, Esq. 55 Broadway, 10th Floor New York, NY 10006 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
