Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Trimeris, Inc.

• Press Release
• Source: Law Offices of Howard G. Smith
• On 4:30 pm EDT, Monday October 19, 2009

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Trimeris, Inc. ("Trimeris" or the "Company") (NASDAQ: TRMS - News) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Arigene Co., Ltd. ("Arigene"). Under the terms of the agreement, Trimeris shareholders will receive $3.60 in cash for each share of Trimeris they own for a total transaction value of approximately $81 million.

Related Quotes

Symbol	Price	Change
TRMS	3.29	-0.01

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The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Trimeris board's approval of the proposed merger. The transaction appears to be unfair, because of the price being paid, various deal protections and the Company granted Arigene a top-up option that may allow Arigene to purchase additional shares.

If you own shares of Trimeris, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com