Shareholder Alert: Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board ...
August 23 2012 - 4:13PM
Marketwired
Levi & Korsinsky notifies investors of Physicians Formula
Holdings, Inc. ("Physicians Formula" or the "Company") (NASDAQ:
FACE) of claims of breaches of fiduciary duty and other violations
of state law against the board of directors of the Company in
connection with the sale of the Company to affiliates of Swander
Pace Capital. A complaint was filed in Delaware state court.
Click here to learn more about the investigation: http://zlk.9nl.com/physicians-formula-holdings-face, or
call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Physicians Formula
shareholders will receive $4.25 per share of Physicians Formula
stock they own. The transaction has a total approximate value of
$65 million. The claims concern whether the Physicians Formula
Board of Directors breached their fiduciary duties to stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Swander Pace Capital is underpaying for
Physicians Formula shares, thus unlawfully harming Physicians
Formula stockholders. In particular, at least one analyst set a
price target for Physicians Formula stock at $5.00 per share.
If you own common stock in Physicians Formula 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/physicians-formula-holdings-face.
Levi & Korsinsky is a national firm with offices in New York
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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