Ryan & Maniskas, LLP Announces Investigation of The Pep Boys – Manny, Moe & Jack
January 31 2012 - 10:42AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/pby) is
investigating potential claims against the board of directors of
The Pep Boys – Manny, Moe & Jack ("Pep Boys" or the "Company")
(NYSE: PBY) concerning possible breaches of fiduciary duty and
other violations of law related to the Company’s efforts to sell
Pep Boys to The Gores Group in a transaction valued at
approximately $1 billion.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Pep Boys. For more information regarding
our investigation, please contact Ryan & Maniskas, LLP (Richard
A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/pby.
Under the terms of the transaction, Pep Boys shareholders will
receive $15.00 for each share of Pep Boys stock they own.
If you own shares of Pep Boys and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/pby. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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