Taro Pharmaceutical Industries Ltd. (NYSE - TARO)

Taro Pharmaceutical Industries Ltd. (NYSE – TARO)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Taro Pharmaceutical Industries Ltd. (NYSE – TARO)

BALA CYNWYD – January 18, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Taro Pharmaceutical Industries Ltd. (“Taro” or the “Company”) (NYSE – TARO) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Sun Pharmaceutical Industries Limited (“Sun Pharma”), Taro’s controlling shareholder. Sun Pharma has agreed to acquire all of the outstanding ordinary shares of Taro other than the shares already held by Sun Pharma or its affiliates for $43.00 per share in cash.

The investigation concerns whether the Taro Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Sun Pharma is paying fair value to shareholders of the Company.

If you own shares of Taro stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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