True Religion Apparel, Inc. Merger Litigation (Nasdaq: TRLG)
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of True Religion Apparel, Inc. - TRLG
BALA CYNWYD, May 10, 2013 /PRNewswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of True Religion Apparel, Inc. (“True Religion” or the “Company”) (Nasdaq- TRLG-News) relating to the proposed acquisition TowerBrook Capital Partners L.P. (“TowerBrook”).
Under the terms of the transaction, True Religion shareholders will receive only $32.00 in cash for each share of True Religion stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of True Religion for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue True Religion and will result in a loss or no substantial gain for many long term True Religion shareholders. For example, True Religion stock traded at $37.29 per share as recently as February 7, 2012 and traded at $36.37 per share on December 6, 2011. In addition, an analyst has set a $38.00 per share price target on True Religion stock.
If you own shares of True Religion stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org or by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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