TMCnet News
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 protected] visiting http://brodsky-smith.com/528-ksws-k-swiss-inc.html, by calling toll free 877-LEGAL-90. |
