OTC QB
INSV

InSite Vision Incorporated

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of InSite Vision Incorporated (OTC QB: INSV) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of InSite Vision Incorporation (“InSite” or the “Company”) (OTC QB: INSV) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by QLT Inc. (“QLT”) (NASDAQ GS: QLTI).

Under the terms of the agreement, shareholders of InSite will receive 0.048 shares of QLT for each share of Insite they own.  Based on QLT’s closing price on June 5, 2015, InSite shareholders would have received compensation valued at approximately $0.18 per share.

The investigation concerns whether InSite’s board of directors failed to adequately shop the Company and obtain the best possible value for InSite’s shareholders before entering into an agreement with QLT.

If you own the common stock of InSite and purchased your shares before June 8, 2015, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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