The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Volcom, Inc. in Connectio...
16 Maio 2011 - 8:16PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Volcom, Inc. (“Volcom” or the “Company”) (Nasdaq:
VLCM) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to a
subsidiary of PPR SA. According to the deal, PPR SA will pay Volcom
shareholders $24.50 per share. The transaction has a total value of
approximately $516 million.
The investigation concerns whether the Volcom Board of Directors
breached their fiduciary duties to Volcom stockholders by failing
to adequately shop the Company before entering into this
transaction and whether PPR SA is underpaying for Volcom shares. At
least one analyst placed a price target for Volcom stock at $25 per
share.
If you own common stock in Volcom and wish to obtain additional
information, please contact Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/volcom-inc.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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