SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 31, 2011 16:46 ET

Levi & Korsinsky Notifies Shareholders of Claims of Breaches of Fiduciary Duty Against the Board Forest Laboratories, Inc. in Connection With Breaches of Fiduciary Duty

NEW YORK, NY--(Marketwire - Aug 31, 2011) - Levi & Korsinsky announces that a shareholder class and derivative lawsuit has been commenced in the Supreme Court of the State of New York, County of New York on behalf of shareholders of Forest Laboratories, Inc. ("Forest") (NYSE: FRX).

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The action stems from Forest's decision to support CEO Howard Solomon in the maintenance of his post despite a potential exclusion action considered by the Office of the Inspector General, Department of Health and Human Services, allegations of the Board's various breaches of fiduciary duties, corporate waste, unjust enrichment, and other violations of law.

If you own common stock in Forest and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky has expertise in protecting shareholders' rights and prosecuting investor securities litigation. The attorneys at Levi & Korsinsky have extensive experience in litigating actions on behalf of shareholders victimized by financial fraud and represent investors throughout the nation. Levi & Korsinsky has been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities fraud cases. Attorney advertising. Please be aware that prior results never guarantee similar future outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171