Law Office of Brodsky & Smith, LLC Announces Investigation of K-Swiss, Inc.
January 24 2013 - 6:21PM
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 to 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
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/528-ksws-k-swiss-inc.html, by calling toll
free 877-LEGAL-90.
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