Faruqi & Faruqi, LLP Launches An Investigation Against Heelys, Inc. (HLYS) For Potential Breaches Of Fiduciary Duties By Its ...
21 Novembre 2012 - 11:22PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Heelys, Inc. (“Heelys” or the “Company”) (NasdaqCM:
HLYS) for potential breaches of fiduciary duties in connection with
their conduct in seeking shareholders’ approval of a Plan of
Dissolution for the Company and its assets.
Specifically, in the Proxy Statement filed by the Company with
the Securities and Exchange Commission on November 16, 2012, the
Board of Directors recommends that Heelys’ shareholders vote to
approve the sale of substantially all of the assets of the Company
and its subsidiaries. The Proxy Statement recommends that
shareholders approve an amendment to the Company’s Certificate of
Incorporation to change Heelys’ corporate name to “HLYS Liquidation
Company, Inc.,” and approve Plan of Liquidation and Dissolution
pursuant to which the Company will be liquidated, wound up and
dissolved.
Request more information now by clicking here:
www.faruqilaw.com/HLYS. There is no cost or obligation to
you.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Heelys and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/HLYS or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Heelys, Inc. (MM) (NASDAQ:HLYS)
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