Design Within Reach, Inc. Merger Litigation (Other OTC: DWRI)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of
Design Within Reach, Inc. in Connection with the Sale of the Company -DWRI
BALA CYNWYD, July 24, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Design Within Reach, Inc. (“DWRI” or the “Company”) (Other OTC –DWRI -News) relating to the proposed acquisition by Herman Miller, Inc. (“Herman Miller”).
Under the terms of the transaction, DWRI shareholders will receive only approximately $23 in cash for each share of DWRI stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of DWRI for not acting in the Company’s shareholders' best interests in connection with the sale process.
Further, the investigation seeks to determine if conflicts of interest played a role in the transaction. After the transaction is complete DWRI CEO and President are expected to continue to lead the business within Herman Miller. In addition, following the transaction, these executives will convert their remaining ownership interest in DWRI for an approximate 8.5% ownership stake within a newly formed Herman Miller consumer business unit.
If you own shares of DWRI common stock and wish to discuss the legal ramifications of the investigation, 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 email@example.com, or 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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