BALA CYNWYD, Pa., 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)
relating to the proposed acquisition by TowerBrook Capital Partners
L.P. ("TowerBrook").
Click here to learn more about the investigation
http://brodsky-smith.com/584-trlg-true-religion-apparel-inc.html,
or call 877-534-2690. There is no cost or obligation to you.
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
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/584-trlg-true-religion-apparel-inc.html,
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.
SOURCE Brodsky & Smith, LLC
