NEW YORK, Dec. 20, 2013 /PRNewswire/ -- 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.
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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, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP