SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of The Warna...
November 16 2012 - 11:54AM
Marketwired
Levi & Korsinsky notifies investors of The Warnaco Group, Inc.
("Warnaco" or the "Company") (NYSE: WRC) of claims of breaches of
fiduciary duty and other violations of state law against the board
of the Company in connection with the sale of the Company to PVH
Corp. ("PVH") (NYSE: PVH). A complaint was filed in New York state
court.
Click here to learn more about the investigation http://zlk.9nl.com/warnaco-group-wrc/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Warnaco shareholders will
receive $51.75 in cash and 0.1822 of a PVH common share for each
share of Warnaco stock they own, a value of approximately $64.83
per Warnaco share. The transaction has a total approximate value of
$2.9 billion. The claims concern whether the Warnaco Board of
Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before entering into this
transaction and whether PVH is underpaying for Warnaco shares, thus
unlawfully harming Warnaco stockholders.
If you own common stock in Warnaco 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/warnaco-group-wrc/.
Levi & Korsinsky is a national firm with offices in New York
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.
CONTACT: 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: (212) 363-7171
www.zlk.com
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