The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Cost Plus, I...
May 21 2012 - 2:49PM
Marketwired
Levi & Korsinsky notifies investors of Cost Plus, Inc. ("Cost
Plus" or the "Company") (NASDAQ: CPWM) 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 Bed Bath & Beyond Inc. (NASDAQ: BBBY). A complaint
was filed in California state court.
Click here to learn how to join the action:
http://zlk.9nl.com/CPWM, or call: 877-363-5972. There is no cost or obligation to
you.
Under the terms of the transaction, Cost Plus shareholders will
receive $22.00 for each share of Cost Plus stock they own. The
transaction has a total approximate value of $494 million.
Shareholders owning a combined 25% of the Company's outstanding
shares have agreed to tender their shares. The claims concern
whether the Cost Plus Board of Directors breached their fiduciary
duties to Cost Plus stockholders by failing to adequately shop the
Company before entering into this transaction and whether Bed Bath
& Beyond Inc. is underpaying for Cost Plus shares, thus
unlawfully harming Cost Plus stockholders.
If you own common stock in Cost Plus 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 http://zlk.9nl.com/CPWM.
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
Cost Plus, Inc. (MM) (NASDAQ:CPWM)
Historical Stock Chart
From Oct 2024 to Nov 2024
Cost Plus, Inc. (MM) (NASDAQ:CPWM)
Historical Stock Chart
From Nov 2023 to Nov 2024