Law Offices of Todd M. Garber Announces Investigation of True Religion Apparel
May 13 2013 - 4:32PM
Business Wire
The Law Offices of Todd M. Garber announces that it is
investigating potential claims against the Board of Directors of
True Religion Apparel, Inc. (“True Religion” or the “Company”)
(NASDAQ:TRLG) related to the proposed acquisition of the Company by
TowerBrook Capital Partners LP. The transaction is valued at
approximately $826 million, or $32 per share.
This investigation concerns whether the Board of Directors of
True Religion breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. Its
share price has skyrocketed from $20.57 on August 2, 2012 to $28.08
on April 25, 2013. Further, at least one analyst has set a target
price for the Company’s stock at $38 per share.
If you are a shareholder of True Religion, if you have
information or would like to learn more about our investigation, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Todd M. Garber, Esquire,
of the Law Offices of Todd M. Garber, by telephone at 213-700-7262
or by email to info@toddgarberlaw.com.
This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and
ethical rules.
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