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La Jolla Pharmaceutical Company Investigation
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La Jolla Pharmaceutical Company Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of La Jolla Pharmaceutical Company (“La Jolla” or the “Company”) (NASDAQ: LJPC) in connection with the proposed acquisition of the Company by Innoviva, Inc. (NASDAQ: INVA) via tender offer.  Under the terms of the merger agreement, the Company’s shareholders will receive $6.23 in cash for each share of La Jolla common stock owned.  The transaction is valued at approximately $149 million.

Weiss Law is investigating whether (i) La Jolla’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $6.23 per-share merger consideration adequately compensates La Jolla’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

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