The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of 99 C...
March 11 2011 - 12:07PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
99 Cents Only Stores (NYSE: NDN) for possible breaches of fiduciary
duty and other violations of state law in connection with the
receipt of an acquisition proposal from members of the
Schiffer/Gold family and Leonard Green & Partners, L.P. Under
the terms of the proposed transaction, 99 Cents Only Stores
stockholders would receive $19.09 in cash per share of 99 Cents
Only Stores stock they own. Currently the Schiffer/Gold family owns
approximately 33% of the Company’s outstanding common stock.
Click here to learn more about the investigation:
http://www.zlk.com/99-cents-only-ndn.html, or call:
877-363-5972.
The investigation concerns whether the 99 Cents Only Stores
Board of Directors is adequately shopping the Company in order to
obtain the best possible deal for 99 Cents Only Stores’
shareholders. In particular, at least one analyst set a price
target of $22.00 per share of 99 Cents Only Stores stock.
If you own common stock in 99 Cents Only Stores 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://www.zlk.com/99-cents-only-ndn.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. 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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