SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Announces Investigation of THE JONES GROUP INC. & Its Board of Directors In Connecti...
December 20 2013 - 11:15AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
The Jones Group Inc. (“The Jones Group” or “the Company”)
(NYSE:JNY) 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 more about the action
http://zlk.9nl.com/JNY-The-Jones-Group, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, The Jones Group shareholders
will receive $15.00 in cash for each share they own for a total a
transaction value of approximately $2.2 billion, including net
debt. The investigation concerns whether the Company’s Board of
Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into this transaction, and whether Sycamore Partners is underpaying
for The Jones Group shares. In particular, at least one analyst set
a price target for JNY stock at $18.00 per share.
If you own The Jones Group common stock 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/JNY-The-Jones-Group.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866)
367-6510www.zlk.com
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