SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of H...
March 08 2013 - 1:29PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Hot Topic Inc. (“Hot Topic” or the “Company”) (NasdaqGS: HOTT) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Sycamore
Partners.
Click here to learn how to join the action:
http://zlk.9nl.com/hot-topic-hott/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Hot Topic shareholders will
receive $14 for each share of Hot Topic common stock they own. The
transaction has a total approximate value of $600 million. The
investigation concerns whether the Hot Topic Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Sycamore Partners is underpaying for Hot Topic shares,
thus unlawfully harming Hot Topic stockholders. In particular, at
least one analyst set a price target for Hot Topic stock at $16.00
per share.
If you own common stock in Hot Topic 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/hot-topic-hott/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, 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.
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