NASDAQ GS
XNPT

XenoPort, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of XenoPort, Inc. (NASDAQ GS: XNPT) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of XenoPort, Inc. (“XenoPort” or the “Company”) (NASDAQ GS: XNPT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Arbor Pharmaceuticals, LLC (“Arbor”), in a transaction valued at approximately $467 million.

Under the terms of the agreement, shareholders of XenoPort will receive $7.03 in cash for each share of XenoPort common stock.

The investigation concerns whether XenoPort’s board of directors failed to adequately shop the Company and obtain the best possible value for XenoPort shareholders before entering into an agreement with Arbor.  According to Yahoo! Finance, at least one analyst has issued a price target for XenoPort stock at $10.00 per share.

If you own the common stock of XenoPort and purchased your shares before May 23, 2016, 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.

Attorney advertising.  Prior results do not guarantee a similar outcome.