The Law Office of Joseph Klein is Investigating into the Possible Breaches of Fiduciary Duty by the Board of The Gymboree Cor...
October 19 2010 - 2:49PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of The Gymboree Corporation (NasdaqGS: GYMB) for possible
breaches of fiduciary duty and other violations of state law in
connection with their attempt to sell the Company to Bain Capital
Partners, LLC (“Bain Capital”). Under the terms of the transaction,
Gymboree shareholders will $65.40 in cash per share of Gymboree
common stock, for a total transaction value of approximately $1.8
billion.
The investigation concerns whether the Gymboree Board of
Directors breached their fiduciary duties to Gymboree stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Bain Capital is underpaying for Gymboree
shares. At least one analyst set a price target for Gymboree stock
at $68.00 per share.
If you own common stock in Gymboree and wish to obtain
additional information, please contact Joseph Klein, Esq. directly,
via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005,
Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/gymboree-gymb.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation.
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