rue 21 Inc. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board ...
05 Juin 2013 - 6:48PM
Marketwired
Levi & Korsinsky notifies investors of rue21 Inc. ("rue21" or
the "Company") (NASDAQ: RUE) of claims of breaches of fiduciary
duty and other violations of state law agsinst the board of
directros of the Company in connection with the sale of the Company
to the private equity firm Apax Partners. A complaint was filed in
Delaware state court.
Click here to learn more about the investigation http://zlk.9nl.com/rue21-rue/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Apax Partners will pay
$42.00 for each share of rue21 stock it does not currently own; the
private equity firm currently owns a 30% stake in rue21. The
transaction has a total approximate value of $1.1 billion. The
claims concern whether the rue21Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into the transaction, and whether
Apax Partners is underpaying for rue21stock, thus unlawfully
harming rue21stockholders.
If you own common stock in rue21 and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://zlk.9nl.com/rue21-rue/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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