SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of H...
April 02 2014 - 10:28AM
Business Wire
Rigrodsky & Long, P.A. announces a complaint alleging
breaches of fiduciary duty and other violations of law has been
filed in the United States District Court of the Northern District
of Texas against the board of directors of Hastings Entertainment,
Inc. (“Hastings” or the “Company”) (NASDAQ CM: HAST) in connection
with the Company’s entry into an agreement to be acquired by
affiliates of Joel Weinshanker (“Weinshanker”) in a transaction
valued at approximately $21.4 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/hastings-entertainment-inc-hast.
Under the terms of the agreement, public shareholders of
Hastings will receive $3.00 per share in cash for each share of
Hastings they own.
The complaint alleges that Hastings’s board of directors failed
to adequately shop the Company and obtain the best possible value
for Hastings’s shareholders before entering into an agreement with
Weinshanker.
If you own the common stock of Hastings and purchased your
shares before March 17, 2014, and would like to learn more about
these allegations, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, Delaware 19803; by telephone at (888) 969-4242; by
e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/hastings-entertainment-inc-hast.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra(888)
969-4242(302) 295-5310Fax: (302)
654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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