SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Tru...
May 10 2013 - 3:52PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
True Religion Apparel, Inc. (“True Religion” or the “Company”)
(NasdaqGS: TRLG) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to TowerBrook Capital Partners LP.
Click here to learn more about the investigation
http://zlk.9nl.com/true-religion-apparel-trlg/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, True Religion shareholders
will receive $32 for each share of True Religion stock they own.
The investigation concerns whether the True Religion Board of
Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the transaction, whether TowerBrook Capital Partners LP is
underpaying for True Religion stock, thus unlawfully harming True
Religion shareholders. In particular, at least one analyst set a
price target for True Religion stock at $38.00 per share.
If you own common stock in True Religion 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 visit
http://zlk.9nl.com/true-religion-apparel-trlg/.
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.
True Religion Apparel, Inc. (MM) (NASDAQ:TRLG)
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