|[January 24, 2013]
Law Office of Brodsky & Smith, LLC Announces Investigation of K-Swiss, Inc.
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of K-Swiss, Inc.
("K-Swiss" or the "Company") (Nasdaq: KSWS) relating to the proposed
acquisition by E.Land World Ltd. ("E.Land").
Under the terms of the transaction, K-Swiss shareholders will receive
only $4.75 in cash for each share of K-Swiss stock they own. The
investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of K-Swiss for not
acting in the Company's shareholders' best interests in connection with
the sale process t E.Land. The transaction may undervalue the Company
and will result in loss for many long term K-Swiss shareholders. For
example K-Swiss stock traded at $12.39 as recently as April 27, 2011 and
an analyst has set a price target for K-Swiss stock at $5.60 per share.
If you own shares of K-Swiss stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your questions. You
may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004,
by e-mail at email@example.com
by calling toll free 877-LEGAL-90.
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