NEW YORK, Oct. 16, 2002 (PRIMEZONE) -- The firm of Wechsler Harwood LLP has filed a class action lawsuit in Durham County, North Carolina on behalf of owners of shares of Quintiles Transnational Corp. ("Quintiles") as a result of the offer by Dennis B. Gillings ("Gillings"), Chairman of Quintiles. The Complaint alleges that Gillings's offer of $11.25 per share is inherently inadequate and unfair and that the directors of Quintiles are not exercising their fiduciary duties in response to the offer.
If you are a holder of Quintiles's common stock and would like more information on this litigation, you may contact:
Wechsler Harwood LLP 488 Madison Avenue, 8th Floor New York, New York 10022 Toll Free Telephone: (877) 935-7400 David Leifer, Wechsler Harwood Shareholder Relations Department: dleifer@whesq.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.