The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of K-Swiss Inc. in Connection with the Sale of the Company to E.Land World Ltd.
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of K-Swiss Inc. ("K-Swiss" or the "Company") (NasdaqGS: KSWS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to E.Land World Ltd. ("E.Land").
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Under the terms of the transaction, K-Swiss shareholders will receive $4.75 for each share of K-Swiss stock they own. The transaction has a total approximate value of $170 million. The investigation concerns whether the K-Swiss Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether E.Land is underpaying for K-Swiss, thus unlawfully harming K-Swiss stockholders. In particular, at least one analyst set a price target for K-Swiss stock at $5.60 per share.
If you own common stock in Premierwest and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/kswiss-ksws/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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.
Levi & Korsinsky LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
KEYWORDS: United States North America New York
The article The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of K-Swiss Inc. in Connection with the Sale of the Company to E.Land World Ltd. originally appeared on Fool.com.
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