NEW YORK, May 13, 2013 /PRNewswire/ -- Morgan &
Morgan announces that it is investigating potential legal claims
against the board of directors of True Religion Apparel, Inc.
("True Religion" or the "Company") (NASDAQ: TRLG) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
TowerBrook Capital Partners in a transaction valued at
approximately $838 Million.
If you own True Religion stock and want more information about
the True Religion takeover lawsuit contact George Pressly, Esq. at 1(800)
631-6234 or email George at
AskGeorge@morgansecuritieslaw.com.
Under the terms of the agreement, True Religion shareholders
will receive $32.00 in cash for each
share they own. The investigation is focused on the potential
unfairness of the price to True Religion shareholders and the
process by which the True Religion Board of Directors considered
and approved the transaction.
Morgan & Morgan's investigation concerns whether True
Religion's Board of Directors breached its fiduciary duties to act
in the best interests of True Religion shareholders and to take all
necessary steps to ensure that True Religion shareholders receive
the maximum value readily available for their shares of True
Religion common stock. According to Yahoo! Finance, at least
one analyst has set a price target for $38.00.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to securities fraud attorneys, the firm also
attorneys that practice in the areas of antitrust, personal injury,
consumer protection, overtime, and product
liability. All of the Firm's legal endeavors are rooted
in its core mission: provide investor and consumer protection and
always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar
outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-631-6234
info@morgansecuritieslaw.com
SOURCE Morgan & Morgan